Feb 05 2008 |
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Salhia increases holdings in The International Investor
Salhia Real Estate Company has today announced that it has increased its shareholding in The International Investor (TII) , a Kuwaiti shareholding company to 6.228% of the company's paid-up capital. The purchase was done via a fund managed by Al Tharwa Investments on the 5th of February, 2008.Salhia perceives this investment as a long-term and strategic in nature. Furthermore, this holding will allow for a closer and more interactive working relationship between both companies.
TII is a Kuwaiti shareholding company, established in 1992 by institutional and private investors, with shareholders' equity of US$ 72 million. The Company was listed on the Kuwait Stock Exchange in 1996, and subsequently on the Bahrain Stock Exchange.
TII initially focused on providing entrepreneurs, corporations, asset managers and distributors of financial services with the expertise, knowledge and tools to efficiently access the fast-expanding Islamic market. In just a few years, TII has emerged as one of the leading investment banks in the Gulf region, and the world's leading wholesale Islamic investment bank.
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