Mubasher: Dimah Capital Investment, a subsidiary of Al Imtiaz Investment Group, manages real estate assets worth $800 million through several portfolios in the U.S. and Europe, the CEO and the deputy chairman of Dimah, Hossam Al Mozayel, told CNBC Arabiya.
Dimah Capital achieved the best return rates in the Kuwaiti market, Al Mozayel added.
The company has adopted a successful strategy focusing on the real estate investment in international markets the past three years, the CEO told CNBC Arabiya.
In the U.S., Dimah has acquired a real estate portfolio specialised in logistic services; the portfolio covers 26 properties in 16 states in the USA, Al Mozayel noted.
This portfolio is wholly leased at a total value of $160 million, with a minimum annual rate of 9% that is distributed on a monthly basis, while the estimated internal return is about 10.25% by the end of this investment which will range from three to five years, the deputy chairman of Dimah said.
Regarding the merger opportunity with Al Bilad Real Estate, Al Mozayel told CNBC Arabiya that the two companies are subsidiaries to Al Imtiaz with similar business portfolios; this similarity is expected to create a large investment with assets not less that KWD 70 million.
