Bahrain-based Arcapita Bank said it has sold 80 per cent of its stake along with that of its investors in five senior housing facilities in suburban London to Healthcare REIT, a real estate investment trust based in Ohio, US.
Arcapita Bank has completed the sale of MedPlus Health Services, an Indian healthcare company, to a consortium of private equity investors, after a holding period of 3 years.
Arcapita became the largest shareholder in MedPlus in November 2
Bahrain-headquartered Arcapita Bank and its affiliates completed the sale of a portfolio of 29 senior living communities in the US for $630 million. The company had acquired the real estate portfolio in 2003.
The portfolio is bei
Bahrain-based Arcapita Bank has entered into a deal to sell off its Northern Ireland power transmission and distribution business to a subsidiary of ESB, Ireland’s premier electricity utility for £1.03 billion ($1.56 billion).
Al Rajhi Capital, subsidiary of Saudi Arabia’s Al Rajhi Bank, and Arcapita Bank, headquarted in Bahrain, have launched a $500 million (SR1.87 billion) Gulf property income fund to capitalise on falling prices.
The ARC Real Estate Inco
The handover of units at Victory Heights Golf Residential and Development, the joint venture between Arcapita, a Bahrain based investment bank, and Dubai Sports City, is in progress.
Larsen & Toubro (L&T) and Eastern Contracting (E
Standard and Poor's Ratings Services has said that it has lowered its long-term counterparty credit ratings on Bahrain-based Arcapita Bank to 'BB-' from 'BB'.
It also removed them from CreditWatch, where they were first
Standard Poor's Ratings Services has revised its long-term counterparty credit rating on Arcapita Bank to 'BB' from 'BB+'.
It has kept the rating on CreditWatch. At the same time, Standard Poor's affirmed its 'B
Arcapita Bank saw its credit rating cut by Standard Poor's Ratings Services.
S&P said that it has lowered its long and short-term counterparty credit ratings on the Bahrain-based investment bank to 'BB+/B' from 'BBB/A-2
Standard & Poor's yesterday revised its outlook on Bahrain-based Arcapita Bank to negative from stable.
At the same time, we affirmed the 'BBB/A-2' long- and short-term counterparty credit ratings on the bank, said an offic