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Arcapita seeks US bankruptcy protectionBahrain investment house Arcapita became the first Gulf entity to file for Chapter 11 bankruptcy protection in the United States, after it was threatened with legal action if it did not repay a hedge fund in full, three sources told Reuters. More… |
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Arcapita signs $200m loan, sees FY lossBahraini investment house Arcapita on Sunday signed a new $200 million loan, signaling that debt markets are opening up to the troubled sector, and said it expected a sizable loss for this year. Bahrain's investment houses have been ba More… |
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Arcapita eyes major Asian investmentsBahraini Islamic investment bank Arcapita, which owns Northern Ireland utility Viridian Group Plc, said on Tuesday it was in talks to buy as many as three Asian utilities for up to $3 billion each. The Islamic investment bank is also looki More… |
