KFHMB refutes new report’s allegations

KUALA LUMPUR: Kuwait Finance House (M) Bhd (KFHMB) has refuted an article titled Kuwait Finance House aborts deal to buy The Icon published in a local newspaper (not The Star) on Dec 25 and a related announcement made by Mah Sing Group Bhd on Dec 24.

In a statement, KFHMB clarified that it was not a contractual party to the sale and purchase transaction of the East Wing of the Icon property. The Icon is an upscale commercial development slated to become a 20-storey Grade A office building in Jalan Tun Razak.

Kuwait Finance said it maintained a positive outlook in conducting business in the country and continued to seek potential investment opportunities in line with the Government’s objective of making Malaysia an international Islamic financial Centre.

By Bernama