Bahrain's Arcapita and Saudi's Al Rajhi Capital exit real estate fund

November 30, 2015 2:41 PM

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DUBAI Nov 30 Arcapita, the Bahrain-based investment management firm, has sold real estate assets it jointly held with Saudi Arabia's Al Rajhi Capital for 1.35 billion Saudi riyals ($359.81 million), the two companies said in a joint statement on Monday.

The ARC Real Estate Fund, which had a lifespan of five years, acquired seven assets in logistics, warehousing and retail in Saudi Arabia and the United Arab Emirates, they said in the statement.

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