After a successful investment and achieving unexpected returns, Tameer have exited its investors from Al Wahat Real Estate Company with a return on investment that reached %35 and an internal average return that reached %23.8.

Tameer have achieved this return by investing in a cluster of lands in different areas of the Kingdom of Bahrain through the past sixteen months, where it had sold these lands after the prices increased. Through its general meeting on the 10th of December 2007, Al Wahat Real Estate board of directors has requested that Tameer exits its investors. The meeting was attended by a representative from the Ministry of Industry and Commerce, BDO Jawad Habib Auditors and shareholders. Moreover they agreed on closing the company.

On this occasion Mr. Ahmed Al-Qattan Vice Chairman and Managing Director and the chairman of Al Wahat Real Estate Company commented, “We are proud at Tameer to achieve these impressive results for Al Wahat investors which increases their trust in the company’s performance and the team’s experience in managing real estate investments, and this successful exit is only a part of Tameer’s strength.”

Moreover Mr. Al Qattan thanked the investors in Al Wahat Real Estate Company for their trust in Tameer’s management and congratulated them on the good results that the investment have accomplished, and promised them to continue the excellent performance focusing on the experience of Tameer’s team and the outstanding reputation that the company have achieved through its unique projects.