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KFH acquires Al-Safat commercial tower Bank works to improve investment portfolio: Al-Ghaith

KUWAIT CITY, Feb 15: Acting Chief Executive Officer at Kuwait Finance House (KFH), Anwar Al-Ghaith, stated that the bank has acquired Al-Safat commercial tower that has been included in the KFH owned investment real estate portfolio as part of a final debt settlement of KD 11 mln with a client. Al-Ghaith added, in a press statement, that the asset, Al-Safat commercial tower, will be transferred to KFH’s investment portfolio as it has become one of the bank’s assets. He underlines the importance of the tower that enjoys distinguished location in Al-Qibla area in the center of the capital. In addition, the property consists of 31 storeyswith high occupancy ratio. Thus, it is considered to be a lucrative property that contributes to achieving valuable repetitive returns.

Moreover, Al-Ghaith stressed KFH’s keenness on improving its investment portfolio through such rewarding properties so as to achieve better returns to shareholders and depositors with limited risks and according to in-depth study of the market developments and trends. Furthermore, he went on to say that acquiring and exiting from real estates is considered as one of KFH’s continuous operating businesses where it is a flagship at the domestic market due to over years accumulated experience that was directed to serve clients and to post better returns through diversified investments with managed risk.

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