Thursday 22, May 2008 by
Ithmaar, Al Safat and Arabian Ventures target Latin America
Bahrain-based Ithmaar Development Company, the development arm of the Ithmaar banking group, Kuwait-based Al Safat Investment Company (ASIC), the parent company of Al Safat Group, and Bahrain-based Arabian Ventures announced the launch of a $500 million Shari’ah compliant real estate fund targeting real estate assets in Latin America. The closed-ended fund will have an initial term of five years.
