BAHRAIN: Shariah compliant investment bank Capivest has concluded a deal worth more than US$30 million with local cement firm, Cemena Holding Company, to acquire a 9% stake in real estate and infrastructure development company Naseej.
The agreement, which also sees Capivest receiving an undisclosed amount of cash, is part of a settlement of the remaining dues from the sale of Falcon Cement Company to Cemena Holding Company in June 2008.
Capivest was previously a shareholder of BCC Building Materials, the owner of Falcon Cement Company.