Kuwait – Mubasher: Al Bilad Real Estate Investment Co, a subsidiary of Al Imtiaz Investment Group, has allocated $6 million in a US investment fund, according to the company’s recent statement.
This investment is pumped into the US Value ADD IV Fund, according to a bourse statement issued on Sunday.
Al Bilad is expected to achieve a monthly return of 8.5%, with an internal return rate of 13% when exiting the fund in three years, with a possibility of renewal for another two years.
At the stock level, Al Imtiaz closed Sunday’s session 1.28% lower at 154 fils.
