15 Sep 2011
(MENAFN) Bahrain’s Arcapita said that driven by several exits or assets disposals in its investment portfolio, the investment company’s net income in the fiscal year ended June 30 rose to USD50.2 million compared with a USD560 million loss in 2010, reported Emirates 24/7.
The firm added that due to the company’s investment in Mapletree Industrial Trust last year, Arcapita raised USD435 million from that investment, moreover, early this year, the company sold a portfolio of senior living communities in the US for USD630 million.
It also said that Arcapita would need to refinance a USD1.1 billion murabaha loan due in April of next year, furthermore, the company planned to exit more investments and use funds for part repayment of the loan.
It is worth noting that Arcapita is an Islamic investment company, its total assets at June 30 stood at USD .7 billion.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more