Bahrain’s SIO launches unit to manage real estate portfolio

May 27, 2014 1:39 am

Bahrain’s Social Insurance Organisation (SIO) has launched a development company to manage the long-term sustainable growth of its real estate portfolio, Gulf Daily News has reported. The new subsidiary, Amlak, will focus on maintaining optimal risks and deliver “above-the market” returns for all the properties currently owned by the organisation. Other than building investment opportunities, Amlak will be evaluating current properties and devising a development plan to boost property values.