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US Court approves Arcapita Chap 11 disclosure statementBahrain-based Arcapita Bank said the US Court has approved the Disclosure Statement for the amended chapter 11 plan of reorganization of the investment bank and its debtor affiliates. More… |
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Arcapita files key restructuring planBahrain-based Arcapita Bank, an international investment firm, has announced the filing of an amended consensual plan of reorganisation which seeks to "maximise recoveries to creditors and other stakeholders". The compan More… |
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Arcapita 'planning to liquidate assets'Bahrain-based Arcapita Bank is planning to liquidate its assets and will not seek new investors or investments, said a report. The bank "will wind down its operations and will not seek out new investors or investments," More… |
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Troubled bank Arcapita files reorganisation planBahrain-based Arcapita Bank, the first Gulf company to file for bankruptcy in the United States under Chapter 11 rules, said on Saturday it had submitted a plan to reorganise the company. The investment firm filed for bankruptcy i More… |
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Arcapita secures sharia-compliant bankruptcy loanBahrain-based Arcapita Bank has gained court approval for a $125 million bankruptcy loan from Fortress Investment Group, believed to be the first such loan consistent with sharia, Islamic law. T More… |
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Arcapita withdraws PointPark London IPOBahraini investment firm Arcapita has withdrawn the planned London listing of its PointPark Properties (P3) unit after it failed to achieve a suitable valuation, a company spokeswoman told Reuters on Thursday. &nbs More… |
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Barwa eyeing London property marketQatar's Barwa Real Estate is looking to invest in the London property market before the end of the year, the company's deputy group chief executive said on Tuesday. "We're looking for a few investments in Europe, More… |
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Analysis: Arcapita Chapter 11 a first for GulfPrivately-owned Bahraini investment house Arcapita is following in the footsteps of General Motors and Chrysler by filing for US Chapter 11 bankruptcy protection after non-bank creditors opposed extending a $1.1 billion loan facility due in March. More… |
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Arcapita files for US bankruptcy protectionBahrain investment house Arcapita has filed for Chapter 11 bankruptcy protection in the US after it was unable to reach a $1.1 billion debt deal with creditors, it said on Monday - a first for an indebted Gulf-based entity. Arcapita blamed More… |
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Hedge fund on Arcapita $1.1bn debt deal panelUS hedge fund Davidson Kempner Capital Management is part of the creditor committee for the $1.1 billion debt restructuring at Bahrain investment house Arcapita, the first time a fund has fulfilled such a role in the Gulf. &nb More… |
