TODAY.AZ / Business

Azerbaijan and Kuwait Financial House to establish joint investment fund

12 December 2007 [14:38] - TODAY.AZ
The execution of the agreement on cooperation between Azerbaijan Investment Company and the Kuwait Financial House (KFH) will take more time, than it has previously been supposed, as reported by the chief executive of the Azerbaijan Investment Company Anar Akhundov.
"Only the spheres and projects perspective for both sides have been coordinated with KFH so far. We are now expect the senior body of the KFH to make response about the projects which will involve Azerbaijan", he announced.

A.Akhundov also reported that the KFH resolution may encourage the creation of a joint investment fund.

The memorandum has specified the shares of the parties in the fund with AIC to hold 25% and KFH -75%.

/Day.Az/
URL: http://www.today.az/news/business/41806.html

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