National Investments Co. bought a property for nearly AED 11 million ($3 million) in emirate of Ras Al Khaimah-UAE.

The property expected to generate average annual rate of return of 9%, that to be reflected in the company's financial statements for the third quarter of 2015.

The Kuwaiti listed firm is capitalised at KWD 87.62 million, distributed across 876.2 million shares at 100 Kuwaiti fils par value each.