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Liquidity Management House for Investment Profile

Liquidity Management House for Investment K.S.C.C (“Liquidity House”) is an investment company wholly owned by Kuwait Finance House K.S.C.

Head quartered in the State of Kuwait, Liquidity House was established in December 2007 and commenced its operations in September 2008. The company was launched with a paid up capital of Kuwaiti Dinars 100 Million (approx US$ 360 million). Liquidity House’s objective is to be a principal player in the international sukuk market and the Sharia’a compliant structured finance arena. It seeks to deliver exceptional values to its clients, shareholders and the industry through focused and shared values driven by its parent entity KFH. Liquidity House’s current team has extensive experience within the Islamic Finance space and is a source of strategic strength and it derives benefits from KFH’s brand name, distribution capability, and geographic coverage while offering its products and services to its clients. The experience of Liquidity House’s management team with KFH has enabled it to develop a strong network with Financial Institutions across the globe and is a source of strategic benefit to Liquidity House.

Kuwait Finance House Group Participates in 6th IFSB Summit

Crisis created opportunities for Islamic banks; principles go hand in hand with professionalism, says Al-Monayea in conference held in Singapore, attended by 6 Asian central banks governors.

The Chairman and Managing Director of Liquidity Management House (LMH), which is fully owned by Kuwait Finance House (KFH) Emad Al-Monayea stated that the global crisis has created great opportunities for Islamic banks, in order to prove the feasibility of the methods they follow, and how such methods eased the effects of the crisis.

He went on to add in his speech at the 6th Islamic Financial Services Conference (IFSB) that was held lately in Singapore and was attended by six Asian central banks governors that the countries should have more profound cooperation to overcome the current crisis, in addition to setting regulations to avoid such crises in the future, since the globalization and lack of boundaries puts great responsibility on the economic players who influence the global economy. He went on to explain that Islamic banking sets principles that go hand in hand with economic and financial practices, in addition to avoiding speculations. It is worth noting that KFH Group has been a member in the summit since 2003.

Moreover, Al-Monayea said that KFH’s expansion in South East Asia and opening KFH-Singapore reveals the great potential that awaits Islamic banks in these markets, and reinforces the efforts that support the opening of new markets, in addition to creating new products and services that suit these markets, where KFH participated in major developmental projects in China, Malaysia, and Indonesia, that include real estate, infrastructure, industrial, transportation and services development.

Furthermore, he mentioned that KFH-Singapore has signed 4 investment agreements in Singapore, such as setting a health care fund, and investing in the biggest, most specialized companies in the iron industry and the installment of pieces of iron, which as business that extends to reach Singapore, Malaysia, and China. KFH uses Singapore as a platform to play a more extensive role in its market and the neighboring markets.

In addition to KFH-Group that includes KFH in Bahrain, Malaysia, Turkey, and LMH, other key figures in the Islamic financial industry were among the attendees in the conference, such as the central bank governors of Saudi Arabia, UAE, Bahrain, Qatar, Singapore, and Korea.

Liquidity House signs $125 million syndicated Ijarah Facility for Burgan Company

Liquidity Management House signed a 125 million U.S. dollars three year debut syndicated Ijarah Facility for Burgan Company for Well Drilling Trading and Maintenance on Tuesday.

Liquidity House, BNP Paribas and Gatehouse Bank were the initial mandated lead arrangers (IMLA). Liquidity House and Gatehouse are also book runners for the Ijarah facility. In general syndication, the IMLAs were joined by Ahli United Bank B.S.C and Boubyan Bank K.S.C as mandated lead arrangers. The funds raised through the facility will be used to finance the purchase of four new oil rigs.

Addressing the media Chairman of Burgan Company for Well Drilling Trading and Maintenance, Ahmed AlـHamad said that being the debut facility for Burgan, he was overwhelmed by the support received from the banks.

Chairman and Managing Director of Liquidity House Emad AlـMonayea said: "The successful signing of the transaction was a testimony to the financial soundness and reputation of Burgan and demonstrated the strength of the Kuwait economy."
He added "the transaction will build confidence in the local, regional and international market. At this stage we need more transaction like Burgan, a company with sound financial, strong cash flows and solid leadership."

Since its launch last year, Liquidity House has so far concluded three international syndicated facilities. "This demonstrates Liquidity House's capability and in particular Kuwait Finance House {KFH} Group's commitments towards regaining market confidence and speak volumes about a truly forward looking outlook of the Group."

Meanwhile, David Testa CEO of Gatehouse said: "This was the first Sharia compliant Kuwaiti syndication this year and also Burgan's debut capital markets issuance."
He credited the successful close of the transaction in spite of the adverse market condition, to the strong performance of Burgan who worked closely with the Initial Mandate Lead Arrangers. He also praised the diligence of the other Initial Mandate Lead Arrangers as well as thanking the participants for making this deal a resounding success.

Rami Falah Regional Head of Islamic Banking Middle East for BNP Paribas said: "BNP Paribas is very proud to take part in this transaction as a Mandated Lead Arranger, through its Islamic Banking arm Najmah which was established in Bahrain in 2003."
"This transaction is reflective of BNP Paribas commitment to Islamic Banking and the region. It also shows that the collective ability of local and international banks to work together on such deals with assist in improving market confidence," he concluded.