The International Investment House, based in Bahrain, has recently bought a commercial real estate asset in the UK for £154 million. Mr. Abed Al-Zerra, CEO of the Bank, said that this step aims to provide geographically diversified investment opportunities for the bank's customers from the Arabian Gulf States. The CEO added that this deal was executed in cooperation with SEDCO (Saudi Economic and Development Company). The deal is expected to provide an annual average of 7.5% rate of return on cash. The asset is located in Grosvenor Place in London.
