Bahrain-based Islamic investment Ibdar Bank has successfully exited four real estate investments based in Bahrain for a total value of $21.67 million (BHD 8.3 million), according to Bahrain News Agency.
The first two exits consisted of the sale of two 11-story buildings that were acquired by Ibdar for total consideration of $12.07 million.
The other two exits included the sale of Ibdar’s affiliate company’s 11-story and 10-story properties which were sold for a total of $9.6 million.
“Currently, we see a strong pipeline of opportunities in markets including the UK, Europe and United States where we are looking to further extend our investment activities in order to strengthen our investment offering,” said acting CEO Ahmed Al-Rayes.
