Doha Bank Provides Project Finance to Kharafi National

Dubai, December 04, 2014: Doha Bank, the leading private commercial bank in Qatar, has successfully closed a Project Finance deal of KD 25 Million with Kharafi National of Kuwait. 

“We are pleased to have the opportunity to finance Kharafi National. Doha Bank is committed to supporting the wider business community in Kuwait. For this reason, we see the potential to further grow our relationship with Kharafi National in terms of cross-selling our financial products and support their long term financial needs,” said Dr. R. Seetharaman, Group CEO, Doha Bank.

Kharafi National is a Kuwait based leading Infrastructure Project Developer in water, wastewater treatment and reclamation, district cooling, solid waste management and enhanced oil recovery as well as a leading Contractor and Facilities Management Service Provider to the petroleum, chemicals, power, water and commercial sectors in the Middle East and Africa. As developers of infrastructure, it’s engaged in projects on a BOT, BOO or PPP basis.