Kuala Lumpur 9 June 2009: Kuwait Finance House (Malaysia) Berhad (KFHMB) today held a briefing to introduce its sister company, Liquidity Management House for Investment K.S.C.C (Liquidity House) a fully- owned subsidiary of Kuwait Finance House K.S.C. (KFH), the parent of both institutions. His Excellency Mr Monther Bader Al-Eissa, Ambassador of the State of Kuwait was the Guest-of-Honour at the introductory briefing, which was attended by about 100 representatives from the regulatory authorities and business community.
Liquidity House is an investment company wholly- owned by Kuwait Finance House K.S.C. and is currently serving as KFH’s international investment arm. Headquartered in the State of Kuwait, Liquidity House commenced its operations in September 2008 and was launched with a paid- up capital of Kuwaiti Dinars 100 Million (approximately US$ 370 million). The company is regulated by the Central Bank of Kuwait.
Mr Emad Al Monayea, Chairman and Managing Director of Liquidity House said that the institution’s primary objective is to be a principal player in the international sukuk market and the Shariah compliant structured finance arena. He further mentioned that Malaysia has an advanced and sophisticated Sukuk regulatory framework and jointly with KFHMB, is keen to capitalise on the opportunities that will derive from this market, in which investors from the Middle East and the Gulf Cooperative Council (GCC) countries can take advantage of.
Mr. Ab Jabar Ab Rahman, Deputy Chief Executive Officer of Kuwait Finance House (Malaysia) Berhad in his speech commented, “We see Liquidity House as an extension of our Corporate & Investment banking division. We have worked together with our sister company on a few deals. One example in which we had just participated with Liquidity House, is the syndicated Ijarah facility for Burgan Company for Well Drilling Trading and Maintenance last Tuesday, for the purchase of four new oil rigs. With the complementary efforts of Liquidity House, the KFH Group is in an even stronger position, to play a key role in the development of Islamic banking in Malaysia and the region.”
The two subsidiaries of KFH, Liquidity House and Kuwait Finance House (Malaysia) Berhad further demonstrates, the KFH Group’s commitment, in reinforcing the Malaysian Government’s aspirations, to become an Islamic banking and financial hub for the region.
Liquidity House is an investment company wholly- owned by Kuwait Finance House K.S.C. and is currently serving as KFH’s international investment arm. Headquartered in the State of Kuwait, Liquidity House commenced its operations in September 2008 and was launched with a paid- up capital of Kuwaiti Dinars 100 Million (approximately US$ 370 million). The company is regulated by the Central Bank of Kuwait.
Mr Emad Al Monayea, Chairman and Managing Director of Liquidity House said that the institution’s primary objective is to be a principal player in the international sukuk market and the Shariah compliant structured finance arena. He further mentioned that Malaysia has an advanced and sophisticated Sukuk regulatory framework and jointly with KFHMB, is keen to capitalise on the opportunities that will derive from this market, in which investors from the Middle East and the Gulf Cooperative Council (GCC) countries can take advantage of.
Mr. Ab Jabar Ab Rahman, Deputy Chief Executive Officer of Kuwait Finance House (Malaysia) Berhad in his speech commented, “We see Liquidity House as an extension of our Corporate & Investment banking division. We have worked together with our sister company on a few deals. One example in which we had just participated with Liquidity House, is the syndicated Ijarah facility for Burgan Company for Well Drilling Trading and Maintenance last Tuesday, for the purchase of four new oil rigs. With the complementary efforts of Liquidity House, the KFH Group is in an even stronger position, to play a key role in the development of Islamic banking in Malaysia and the region.”
The two subsidiaries of KFH, Liquidity House and Kuwait Finance House (Malaysia) Berhad further demonstrates, the KFH Group’s commitment, in reinforcing the Malaysian Government’s aspirations, to become an Islamic banking and financial hub for the region.