Acacia structures its first Shari'ah compliant deal in India

Notes and media contacts

About ACACIA
Acacia Real Estate Limited, a specialised real estate investment company that focuses on both income generating and development projects, was formed in December 2006. TAIB Bank B.S.C. (c) is the principal founding shareholder in Acacia. With dedicated investment teams in Bahrain, India, Turkey, and the U.S., and through its extensive network of strategic partnerships, the company invests globally in residential, retail, commercial, industrial and hotel properties. Its real estate portfolio currently stands over $1.4bn.

About TAIB
TAIB Bank B.S.C. (c), a Bahrain-based Investment Bank offering private banking services established in 1979, is majority-owned by Dubai Financial Group, the financial holding company of Dubai Group - the leading diversified financial services company of Dubai Holding. The Bank engages in wealth management and investment banking for high net worth individuals and institutions, and conducts business in the GCC Countries, India, Turkey, Kazakhstan, the United Kingdom and United States. It is listed on the Bahrain Stock Exchange and regulated by the Central Bank of Bahrain. Current Fitch Ratings: Long-term, BBB+ and Short-term, F2.