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)

( gerard.aoun@refinitiv.com )

#Kamco #Property #Kuwait #UK

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020