Arcapita to Gain $435 Million as It Completes IPO of Property Portfolio

Arcapita Bank BSC, a Bahrain-based investment bank, completed a $920 million initial public offering of its real estate portfolio, according to a company statement e-mailed today.

“The exit has been achieved as a result of a successful listing of the portfolio on the Singapore Exchange,” it said. “The $920 million IPO will generate exit proceeds in excess of $435 million for Arcapita and its investors.”

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net

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