MALAYSIA: Kuwait Finance House received KWD1.8 million (US$6.6 million) in profit when it exited the Asia 2 real estate fund, according to Abdul Nasser Al-Subeih, its associate general manager of investments.
He added that the fund’s internal return reached 15.8% annually. The Malaysia-based fund began operating in 2010 by investing in the development of Pavilion 2, a real estate project in Kuala Lumpur.