Bahrain-based investment firm Arcapita plans to exit two more of its investments in the next six months and will use funds for part repayment of a $1.1 billion loan maturing in April, its chief executive said on Sunday.
The Islamic firm will exit one investment each in the Europe and the United States, CEO Atif Abdulmalik said in an interview without specifying what assets it wants to dispose.
Arcapita, with about $7.7bn in funds under management, raised $435 million from its investment in property firm Mapletree Industrial Trust last year and sold a portfolio of senior living communities in the US for $630m in early 2011.
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