The National Bank of Kuwait (NBK) has announced the launch of a Shariah-compliant real estate fund to invest in Turkey. NBK Capital's CEO Salah Yousef Al Fulaij said that the fund will give the bank's clients access to a diversified portfolio of development and value-added real estate projects in Turkey. The fund will also invest to a lesser extent in the Middle East and North Africa (MENA) region.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
