Kuwait Finance House K.S.C. (KFH - Kuwait) acquired a 20-storey, 25,000 sqm, office building known as The Icon in Kuala Lumpur. The purchase was with Autron Corporation Ltd from Mah Sing Group for US$71.89 million (RM 237 million).

The International Real Estate Department Manager Ali Al-Ghannam stated that The Icon is a lucrative investment and is one of the businesses managed by KFH Asian Real Estate portfolio, which was established four years ago. He added that the Asian markets are the platform that served as a turning point for other international markets, since it witnesses many benefits like flourished economy, prime investment environment, legislations, and encouraging laws; in addition to high growth rate witnessed by such markets.

Al-Ghannam stressed that the deal is testimonial of the role that KFH plays in the East Asian region since it firmly planted its roots in Malaysia by establishing an independent bank, Kuwait Finance House (Malaysia) Berhad (KFH - Malaysia). The achievements of KFH-Malaysia have been commendable, evidenced by the numerous awards the Bank has received within a short span of three years since its inception in 2005.

Incorporated and headquartered in Kuwait, KFH - Kuwait is listed on the Kuwait Stock Exchange and has a shareholding of 80% in Autron. RFP

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