Kuwait Finance House (KFH), the country's biggest Islamic lender, said on Wednesday it made an early payment of $250 million that was due in March 2011.
"KFH paid an early instalment worth $250 million that was due next March, as part of a murabaha financing deal with several international and regional banks worth $850 million," KFH said in a statement.
The murabaha deal, secured in 2006, was aimed at financing the lender's expansion plans and future projects, KFH said. It did not name the lenders.
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