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Turkey’s wealth fund secures $600mln financing facility with KFH-led consortium

Turkey’s (Türkiye) sovereign wealth fund has secured a $600 million murabaha financing agreement with a consortium of banks led by Kuwait Finance House (KFH), Kuwait’s first Islamic bank. The facility has a five-year maturity, concluded on an unsecured basis, and requiring no collateral or guarantees. With this latest transaction, Türkiye…

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