Al-Riyada Finance & Investment Co. To Launch Projects and Issue Investment Products within Few Weeks
Mr. Mohannad Al-Sane, Chairman & Managing Director of Al-Riyada Finance & Investment Co. revealed that the company is in the process of entering projects and issuing new investment products within the next few weeks. These projects are considered as the opening activities of the company inside and outside Kuwait. He added that one of the first opening products would be the finance of a unique real estate activity inside Kuwait which shall be announced in the near future. Al-Sane said that the company, after being established with a KD 15 Million Capital shared by major strategic owners, is currently considering certain promising strategic investment opportunities which have emanated from the current financial crises and which were not available during the preceding robust period. Mr. Al-Sane added that the company’s activity would be focused on providing retail and corporate finance solutions, investment in real estate and industrial investment opportunities, establish real estate and investment funds, and management of third party portfolios in both local and external markets as per Sharia regulations.