Kuwait Fin House's Bahraini Arm Plans 200-Unit RE Proj -Report

Thursday, Oct 04, 2012

BEIRUT (Zawya Dow Jones)--Al-Enma'a House for Real Estate Co., a Bahraini unit of Kuwait Finance House (KFIN.KW), or KFH, plans to build more than 200 residential units in Bahrain, Manama-based Al Watan daily reports Thursday citing an executive.

Al-Enma'a House will work with the Bahraini housing ministry to implement the residential project, located in the Al Madina Al Shamaliya region, Salim Elias, the company's chief executive, told the paper.

Mr. Elias added that his company has completed the Ishbiliya Village--a local residential project with a total cost of 35 million Bahraini dinars ($92.83 million) and has also finished a BHD22 million real estate project in Bahrain's East Riffa area.

KFH, Kuwait's largest Islamic bank, owns Al-Enma'a House through its units Kuwait Finance House-Bahrain and Kuwait's Al Enma'a Real Estate Co. (ERESCO.KW), according to Zawya.com data.

Newspaper website: http://www.alwatannews.net/PrintedNewsViewer.aspx?ID=u7WXed08cs0ejAcSoUA9GQ933339933339

Write to Beirut Bureau at djnews.dubai@dowjones.com

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04-10-12 0611GMT