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FinancialNews
06-02-19
Bahrain: Arcapita to accelerate U.S. investments
(MENAFN) Bahrain's Arcapita was announced to have decided to increase its investments in the U.S. after the two sides witnessed a surge in dealings last year.
Atif Ahmed Abdulmalik, CEO of the Bahraini Shari'ah compliant alternative investment company unveiled the news during an interview with Arabian Business.
It comes after the company purchased in November 2018 an industrial real estate with seven properties in Ohio.
Arcapita, overall, reached USD350 million in its assets under management in real estate through its investments in the U.S.
Abdulmalik added: "[we] are currently evaluating several promising senior living, student housing and industrial portfolios across the US and expect to close on two additional real estate transactions this year."
MENAFN0602201900450000ID1098078728
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