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Al-Tijaria undertakes new investments Kuwaiti Co holds 60% share with amount of 13.1 mln euro

KUWAIT CITY, June 21: Abdul Fatah Marafie - Chairman & Managing Director in The Commercial Real Estate Company  stated that the company  has entered a new real estate  investment  in The Federal Republic of Germany in alliance with other investors. The property  spaces  in 158,000  sqm and consists of 104,830 sqm of  warehouses in addition to office space on 480 sqm. It is located in Volkmarsen City; which is considered as one of the biggest  industrial and logistic locations in Germany. It has also been rented by German Volkswagen to be used as a storage and distribution center for spare parts. The Commercial Real Estate Company share is 60% of this investment with an amount of 13.1 million euro. Nevertheless, it is a monthly dividend investment  which affects positively the company’s liquidity and cash flows.

Marafie had confirmed that these types of investments came along with the goals and business plans of the company which has been adopted since 2011, and is aiming towards diversifying the investment portfolio in terms of its size, nature of investments and geographic distribution. All this came along with low risk strategic business planning that aims at balancing risks and returns through entering income generating investments in stable and promising markets. This is done in parallel with expanding in real estate various services, especially in Property Management and Facilities Management. The Company has established a business a business team consisting of Executive Management and Technicians with regional and global experience to develop those services to match the best world practices and standards specialized in  offering such services and to be in line with the company’s plans.

Marafie also  noted that the balanced strategy adopted by the company which is characterized  by its ambitious and conservative approach at the same time has led to support the solvency of the company over the past years and helped it avoid any financial obstacles and shocks in light with the market volatility and financial crises that has hit many markets. He added, we are committed towards our shareholders to preserve  holding good assets that balances quality with value. This has been reflected on our partners’ and funders’ confidence in  the company’s ability, efficiency and their continues and relentless efforts to create strategic  relations  with the company through financing its projects and investments.

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