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NFC Closes First Deal with Islamic Finance Fund
Navigation Finance Corp, owned by Øivind Lorentzen III, Jan Næss and DVB Bank, has closed its first transaction through the newly established Islamic fund. The fund, Al Rubban NFC Shipping Fund IV, was formed with Northern Navigation, DVB and Kuwait Finance House in late 2004 and has $80 million for investments in shipping deals.
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Written by: carisk | Categories: Equity, Freshly Minted | January 27th, 2005 |
Tags: · DVB Bank, Jan Næss, Kuwait Finance House, Navigation Finance Corp, Northern Navigation, PT Arpeni Pratama Ocean Line, Øivind Lorentzen III
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