Ibdar announces exit from four Bahrain-based real estate investments for USD21.67 million
Bahrain-based Ibdar Bank has announced the successful exit from four Bahrain-based real estate investments for a total value of USD 21.67 million. The first two exits consist of the sale of two 11-story buildings acquired by the Bank for total consideration of USD12.07 million. The first is a 64-apartment fully furnished building located in Manama and the other consists of 38-fully furnished apartments in Busaiteen. The other two exits consist of the sale of the Bank's affiliate company's 11-story and 10-story properties located in the popular Juffair area. The properties consist of 83 fully furnished apartments in total and supporting convenience, leisure and parking facilities, which were sold for a total consideration of USD9.6 million.
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