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$630m fund for Bahrain Bay
- Bahrain: Wednesday, December 13 - 2006 at 07:53
Singapore-based CapitaLand will create a $630m sharia-compliant property fund, called the Raffles City Bahrain Fund, to invest in the $2.5bn Bahrain Bay project, Bloomberg reported. CapitaLand will hold 20%-30% of the fund and sell the remaining shares to institutional investors and high net-worth individuals.
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James McInerney, News EditorWednesday, December 13 - 2006 at 07:53 UAE local time (GMT+4)
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This article was updated on Thu Dec 14 2006.
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