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FINANCIAL NEWS
Kuwait Warba to invest USD 2bn in US Company
05 Jan 2016
(MENAFN) Kuwait Wraba Bank, proclaimed the attainment of equipment rental stage organized by ATEL Capital Group, based in US becoming the first Kuwait initiative to invest with the company.
Furthermore, the Bank originally invested USD 8.2mn in a spread portfolio of Operating leases including of high-quality low-tech low-obsolescence equipment.
ATEL has organized over USD 2bn of tool leased to mainly investment grade US corporations, which has made a reputation as one of the hugest independent tool leasing in US.
The achievement also brings ATEL together with Warba Bank’s knowledge in offering innovative sharia-compliant financing solutions to its customers.
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