07 Jan 2013
(MENAFN) Bahrain investment firm Arcapita has completed the sale of its 80 percent stake in a joint venture controlling five London senior care facilities, Reuters reported.
US-based Healthcare REIT (real estate investment trust) is the buyer, but no value was disclosed.
CEO Atif Abdulmalik said in a statement that the divestment delivered a 2.8-times cash on cash return for investors.
Arcapita had filed for Chapter 11 bankruptcy at US court in March 2012, as it was pressured by hedge funds to repay a USD1.1 billion sharia-compliant loan facility.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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