24 July 2016
Kuwait City - KAMCO Investment Company signs agreement to acquire a newly built high quality office building located in the United States of America. The office building serves as the General Electric Company's ("GE") new U.S. Global Operations Center and will be acquired for approximately 113 million USD through the Carter real estate investment, development and advisory firm.

The property provides approximately 104 thousand sq. meters of office space and is located in the heart of the Cincinnati Central Business District, a strategic location in terms of accessibility. The investment opportunity in the office building is expected to provide a highly attractive income return, and is projected to yield net cash returns of 6.0% p.a. or above during the investment period.

KAMCO's Chief Investment Officer, Mr. Khaled Fouad, said, "This is yet another illustration of KAMCO's prominent role in identifying and structuring investments in good quality durable assets that provide periodic fixed income cash flow streams. KAMCO's acquisition of GE's US Global Operations Center is in tune with the company's private equity deals in the global and regional real estate sector. We believe that this prime asset offers long-term value in combination with attractive current yields. KAMCO's Alternative Investments Department is eager to continue building its track record of excellence and experience in different alternative asset classes locally, regionally and globally."

GE is a global digital industrial company headquartered in Connecticut, and was established by Thomas Edison in 1892. With over 333,000 employees, GE has received many prestigious accolades and is ranked 8th in the Fortune 500 with investment grade ratings from Standard and Poor's (AA+) and Moody's (A1). The company's diversified stream of income from its clients in over 180 countries has led GE to reach a market cap of approximately USD 296.5 billion.

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About KAMCO
KAMCO Investment Company is a premier investment company based in Kuwait and is regulated by the Capital Markets Authority with one of the largest private sector AUMs in the region.

Established in 1998 and listed on the Kuwait Stock Exchange (KSE) in 2003, KAMCO is a subsidiary of United Gulf Bank (UGB).

It has become a leading regional company within its sector offering innovative products and services to its clients, holding over USD 11.2 billion of client AUM and has successfully completed 85 investment banking transactions worth over USD 12 billion as of 31 December 2015.

With almost two decades of experience in conducting business in Kuwait's dynamic investment industry, KAMCO has successfully established a robust reputation for solidity, characterized by its prudent, conservative investment philosophy and spirit of transparency, which has consistently commanded the goodwill of a wide patron-base.

The company will further aggressively build upon its core competencies to offer MENA-wide investment management consultancy and services, backed by its proven track record in stringent risk mitigation, investment product innovation, and a cautious investment approach towards local, regional and international capital markets.

For any additional information, please contact:
KAMCO Marketing Department
marketing@kamconline.com 
Tel: +965 185 26 26 Ext: 1360, 1337

© Press Release 2016