Kuwait-Mubasher: Dimah Capital Investment has finalised a deal to purchase three properties in the U.S., according to a statement.
With this deal, Dimah has acquired a residential complex and two hotels for $61 million (KWD 18.37 million).
The deal was executed with the participation of Al Bilad Real Estate and USA’s Lo Enterprise which are set to operate and develop the businesses.
This investment is expected to produce annual returns between 8% and 8.5% on a monthly basis, said Vice Chairman Nasser Al Muzaiel.
The investment will be sold after three years where Al Muzaiel predicts it will have an internal return rate of 13%, which is how the company is planning to get visible profits.
