Kuwait’s Kamco Investment Company has bought an office property in Surrey, United Kingdom, for approximately 9.7 million Kuwait dinars ($31.52 million).
The deal is expected to result in an annual return of 8.5 percent approximately, the company said in a statement to Boursa Kuwait.
The company has reported a net profit attributable to shareholders of 3.03 million Kuwaiti dinars for the year 2019, compared to 2.56 million Kuwaiti dinars for the full year 2018.
(Reporting by Gerard Aoun; editing by Seban Scaria)
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