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IFA Arranges US $50m Financing From Kuwait International Bank For Al Wafir Marketing Services Company

International Financial Advisors KSCC ( Kuwait) is a leading provider of financial advisory, securities trading and asset management services. IFA is the flagship company of an investment conglomerate with significant presence across hospitality, real estate, asset management and financial services. The Company operates globally with a special focus on the GCC, South Africa and Asia. IFA is listed on both the Kuwait Stock Exchange (ticker: IFA KK) and the Dubai Financial Market (ticker: IFA DB) and its conglomerate has a combined market capitalization in excess of US$ 2 billion. For more information, visit http://www.ifakuwait.com.

About Al Wafir

Al Wafir Marketing Services Company KSCC ( Kuwait) was established in 1998, for the purpose of developing the central fruits and vegetables market for wholesalers under a BOT scheme from the Government of Kuwait. The market is operated as a monopoly by Al Wafir for a period of 19 years (starting July 2010) after which the infrastructure will be handed back to government agencies. The company has plans to expand in the region through the establishment of similar projects and other food-related businesses.  Al Wafir is a member of the world union of wholesale markets.

About KIB

KIB was established in 1973, as a conventional real estate bank that converted to an Islamic bank in 2007. KIB Operates under the provisions of Islamic shariah and has assets in excess of US $4.6B. The bank has a rating of A- from Fitch and offers a full range of banking services through a network of 23 branches spread across the state of Kuwait. KIB is listed on the Kuwait Stock Exchange and has a market capitalization in excess of US$ 1 billion. For more information please visit http://www.kib.com.kw

SOURCE IFA

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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