Türkiye’s wealth fund secures financing from Kuwait-led group
Türkiye Wealth Fund (TWF) has secured $600 million through Murabaha financing from a consortium of banks led by Kuwait Finance House.
The Shariah-compliant facility with a five-year maturity period, was concluded on an unsecured basis, obviating the need for collateral or guarantees.
The transaction supports the fund’s goal of expanding funding sources in global markets as well as reinforcing financial cooperation between Türkiye and Kuwait, the fund said in a statement.
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