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PRESS RELEASE
FOR IMMEDIATE RELEASE
ARCAPITA COMPLETES $100 MILLION EQUITY RAISE
Global alternative investment manager recorded net income of $10.1 million
during fiscal year 2014 and will use new equity to drive further growth
Press Release
Release
November 18, 2014 – Arcapita, the globalPress
alternative investment
manager, announced
today that it has successfully raised its targeted $100 million in equity capital from
shareholders in the GCC region to fund its growth strategy.
Press Release
Arcapita is now focused on two clear areas of opportunity: asset management of an
existing $3 billion investment portfolio and the growth opportunity of new Shari’ahcompliant alternative investment products and services.
Press Release
Press Release
The new equity will allow Arcapita to grow its asset management capabilities and
develop further revenue streams. The firm will focus on originating investments in asset
classes, sectors and geographical regions where its management has built significant
expertise over the past 17 years.
Mr. Atif A. Abdulmalik, Arcapita’s Chief Executive Officer, said, “Arcapita was formed to
originate high-quality Shari’ah-compliant alternative investment opportunities for
investors. With the support of our shareholders and investor base, we have built a strong
platform to source and manage Shari’ah compliant investments worldwide. Over the last
17 years, Arcapita’s investment professionals have completed more than 70 investments
with a transaction value of approximately $30 billion across the globe.”
Arcapita will initially pursue new investment opportunities within the GCC region followed
by other international markets including the US, Asia and Europe. Arcapita’s investment
teams will offer real estate and private equity investments on a “deal-by-deal” and funds
basis to a select group of investors. In addition, Arcapita will offer services, including
asset management and advisory services.
Mr. Abdulaziz H. Aljomaih, Arcapita’s Chairman of the Board of Directors, added, “We are
pleased that the equity offering was oversubscribed and to have expanded our
shareholder base to include a prominent group of sovereign wealth funds, institutional
investors, high net worth individuals and family offices from across GCC region.”
As well as growing the shareholder base, Arcapita will expand its Board of Directors,
adding further depth and specialist experience and strengthening the firm’s governance
structure. The expanded Board of Directors will consist of Mr. Abdulaziz H. Aljomaih,
Head of International Investments at Aljomaih Holding Co.; Mr. Ghazi F. Al Nafisi, CoFounder and Chairman of Salhia Real Estate Company K.S.C.; Mr. Abdulrahman A. Al
Muhanna, Managing Director and Member of the Board of Directors of Almarai Company;
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Mr. Amer A. Al Fahim, a Supervisory Board Member of Al Fahim Group; Mr. Khalid J. Bin
Kalban, Managing Director and Chief Executive Officer of Dubai Investments PJSC; Mr.
Usama M. Al Barwani, Executive Director of MB Holding; Mr. Noor Rahman Abid,
previously the Assurance Leader for Ernst and Young in the Middle East; a member from
Bahrain Mumtalakat Holding Company; and Mr. Atif A. Abdulmalik, Chief Executive
Officer of Arcapita.
Arcapita’s business strategy reflects a commitment to generating long-term value for its
shareholders and clients through a risk-adjusted investment approach. The firm’s
business model will leverage long-standing relationships with its investors and operating
partners. Arcapita’s balance sheet is fully-equity funded and the firm will aim to maintain
a lower and more flexible cost base relative to its peers.
Arcapita recorded net income of approximately $10.1 million during the fiscal year ended
June 30, 2014. The firm’s global investment management talent operates from its offices
in Bahrain, Atlanta, London and Singapore.
The equity offering for a related Bahraini entity will be completed after obtaining certain
regulatory approvals.
- ENDS --
For further information, please contact:
Mohammed Chowdhury - Arcapita
Tel:
Mob:
+973 17 218 333
+973 39 680922
Jon Earl - FTI Consulting
Tel:
+971 (0)4 437 2104
Mob: +971 (0)50 494 1178
NOTES TO EDITORS
About Arcapita
Arcapita is a global Shari’ah compliant alternative investment manager, with offices in
Bahrain, Atlanta, London and Singapore. Arcapita’s principal lines of business are private
equity and real estate, and it has a 17 year management track record of over 70
investments with total transaction value in excess of $30 billion.
Further details on Arcapita can be found at www.arcapita.com
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