Qatar First Investment Bank (QFIB) will invest $150 million in Kuwait Energy Co. to support the firm's expansion, the Qatari firm said on Sunday.
The deal is structured in the form of a convertible murabaha which will be used to boost Kuwait Energy's growth plans in the oil and gas exploration and production sector.
Unlisted QFIB acquired a $16 million stake in Kuwait Energy in June 2011, the statement said.
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