"KFH Receives French Investment Delegation"

Kuwait Finance House (KFH) CEO Mohammed Al-Omar said that KFH is interested in working in the French market, in addition to other European markets, which is part of KFH’s overseas expansion plans; especially that France has promising investment opportunities. It is worth noting that KFH received a French investment delegation that included officials from the Foreign Investments Development Authority in Paris and other specialized companies, where they discussed the means of cooperation and investment opportunities in the French market. They also deliberated the possibility of taking advantage of KFH’s experience in the field of Islamic finance and investments in numerous sectors.

KFH was represented in the talks by vice chairman of Liquidity Management House, Treasury Department Manager Abdul Wahab Al-Roshoud, and employees from the Investment Sector, while the French delegation was headed by the Head of Foreign Investments Development Authority in Paris Pierre Simone.
Simone revealed that France will execute mega projects in Paris; especially in the industries and real estate sectors. He added that France seeks to take advantage of Islamic financing instruments through prompting prestigious financial institutions, such as KFH, to issue Sukuk, in order to finance those projects. 

He added that France plans to attract Kuwaiti capitals to fund numerous mega projects during the coming period, and noted that France prefers Islamic financing, since it is stable on the long term, which was evident during the recent financial crisis. The French officials demonstrated several investment opportunities in the fields of real estate, power, and technology. Meanwhile, KFH officials stated that KFH welcomes such investment opportunities. It is worth noting that the French delegation had honored KFH’s CEO Mohammed Al-Omar during a dinner banquet that KFH held for the French officials.