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Bahrain’s Arcapita posts $50.2m FY net income

Bahrain-based investment firm Arcapita posted a net income of $50.2m in its fiscal year ended June 30, compared with a loss of $560m for the year before thanks to multiple exits or disposals of assets in its investment portfolio, Reuters has reported. The Islamic investment firm had completed seven full and partial exits during the year, returning about $1bn to the firm and its shareholders.