07.07.2010 - International Investment Bank exits property fund
From Ameinfo.com: Bahrain's Shari'ah-compliant International Investment Bank (IIB) has exited Bahrain Property Fund (BPF) a portfolio of residential and commercial properties in the kingdom. "The realised IRR of 9.12% p.a. is very close to the targeted IRR of 10.0% p.a. in our offering documents. In the context of the current financial crisis, we believe that the 9.12% p.a. is very attractive," the lender said in a statement..............................................Full Article: Source
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