Injazzat Real Estate Development Company announces that it has acquired Valpak headquarter

14 Dec 2017

Injazzat Real Estate Development Company announces that it has acquired an effective building in the headquarter of Valpak (a US company) on 12 December 2017, located in St. Petersburg, Florida, USA, and leased by the company with a long term renewable contract. The company's share of capital is US $ 16.6 million (equivalent to KD 5 million). The investment is expected to yield a cash dividend of 10% per annum on the invested amount (500,000 dinars per annum) as of December 2017.