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Dimah Capital acquires Tilford Mall for GBP 43m

Dimah Capital acquires Tilford Mall for GBP 43m
(Photo Credit: Arabianeye-Reuters)

Kuwait – Mubasher: Dimah Capital Investment company, alongside some other partners, has acquired Tilford Mall in Tilford, the UK, said the company’s CEO and vice chairman Hosam Nasser Al Muzaiel.

The acquisition was made for GBP 43 million (KWD 16 million), Al Muzaiel added in a statement on Sunday.

The annual return on this investment is 8% distributed monthly, he said, noting that the investment period is three years with a possibility to extend the deal for two years.

Al Muzaiel added that Dimah Capital Investment and Albilad Real Estate Investment Company invested a combined sum of GBP 7 million, representing 30% of the invested capital in the project, which totals GBP 24 million.

Dimah Capital, a subsidiary of Al Imtiaz Investment Group, was established in 2007 and offers a variety of Sharia-compliant products and investment opportunities.