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With a market capitalisation of US$ 100 million, Nuzul Holdings was established with the strategic mission of raising the standard of serviced residences and boutique hotels throughout the Arab world. The Company is engaged in the acquisition and operation of serviced apartments and property for resale through its various subsidiaries, associates, and joint ventures across the GCC, the Levant, and the North African regions. In light of its commercial activities, the Company adheres, without limitation, to the beneficial and prudent codes of the Islamic Sharia. The Group operates in the Kingdom of Bahrain as well as in the State of Qatar, and has an investment in the Kingdom of Saudi Arabia
In April 2006, Nuzul Holdings entered into a partnership with Ascott International - one of the world’s largest international serviced residence operators having over 17,400 serviced residence units in 45 cities across 20 countries. Nuzul Holdings’ current investments and assets include a number of prominent properties across the region, which are primed to provide adequate and stable returns to the Company.
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