Baitak Capital Investment Company, affiliated with Kuwait Finance House (KFH), has purchased an office tower in the U.S. state of New Jersey at a cost of $165 million, the official KUNA news agency reported.
An investment fund belonging to Baitak has acquired tech giant Panasonic's official headquarters in New Jersey, equipped with many special features and an "excellent location," the company said Tuesday in a statement.
Baitak's CEO Abdulaziz Al-Marzouq said the building comprises a sprawling office tower with 12 floors, stretching on 337,543 square meters, adding that the company is keen on making more lucrative investments.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline NikiMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor