KAMCO said in a statement to the Kuwaiti Stock Exchange today, Thursday, that the subsidiary companies have acquired two office properties in Bristol and Hamilton regions in the United Kingdom with a value of 42.7 million pounds sterling equivalent to 16.3 million Almost JD.
These companies have also signed a preliminary agreement to purchase an office property in Surrey, UK, for a value of 25.5 million pounds, equivalent to approximately 9.7 million dinars.
>KAMCO explained that the financial impact of the transactions referred to on the combined financial position of the company is an increase in its assets by 42.7 million pounds, equivalent to approximately 16.3 million dinars, and increase its obligations by the same Amount.
She stated that the deals did not have any material impact on KAMCO's income statement, and it is expected that the above-mentioned acquisition will result in an annual net return of 8.5%. %.
According to KAMCO, the financial impact of the purchase of the office property in Surrey, UK will be disclosed through a full disclosure once all the relevant procedures have been completed. p>
