Arcapita completes over $250m in new deals during FY 2019

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Abdul Aziz Hamad Aljomaih, chairman of the Arcapita Group.
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Atif A. Abdulmalik, founding partner and CEO.
Updated 09 October 2019

Arcapita completes over $250m in new deals during FY 2019

Arcapita, a global Shariah-compliant investment firm, has announced its financial results for the 12 months ended June 30, 2019 (FY 2019).

Arcapita delivered strong results in FY 2019 with revenues of $54.6 million and a net income of $21.9 million, representing 44 percent and 76 percent growth over the previous fiscal year, respectively. This positive performance was driven by the placement of transactions completed during the year and gains on the firm’s investment portfolio.

Arcapita’s total equity as of June 30 grew to $237.9 million, representing an 8 percent increase year-on-year, and the firm’s balance sheet investments grew by 16 percent to reach $245.5 million.

The firm was primarily focused on sourcing transactions in the US during FY 2019 given its strategy of growing its assets under management (AUM) globally, and increased investor appetite for US investments. Overall, Arcapita completed four US transactions and one transaction in the GCC, for a total transaction value of over $250 million. These included two industrial real estate portfolios in the US, an industrial real estate portfolio in the UAE, and two bolt-on private equity investments in the US.

Abdul Aziz Hamad Aljomaih, chairman of the Arcapita Group, said: “We are very pleased to report our positive results for FY 2019. The GCC’s investment landscape was impacted by a challenging macroeconomic environment that carried through from last year. Despite this, we have continued to source transactions in sectors where we have built considerable expertise over the past two decades, including the industrial, logistics, and business services sectors.”

Atif A. Abdulmalik, founding partner and CEO, said: “Over the past year, we expanded our US and GCC investment teams and strengthened other divisions in order to facilitate our growth. This will enable us to continue to solidify our global presence amidst an evolving global economic landscape. We have set ambitious targets for the upcoming fiscal year and are well-positioned to continue providing innovative investment opportunities and delivering strong returns to our stakeholders.”


Russia’s cultural capital beckons GCC travelers

Updated 17 October 2019

Russia’s cultural capital beckons GCC travelers

  • Citizens of Oman, Kuwait and Saudi Arabia can now benefit from fast and convenient 
eVisa portal when arranging their next visit to the city of St. Petersburg.
Guarded by two marble lions at the entrance, the Four Seasons Hotel Lion Palace St. Petersburg sits within the walls of a 19th-century royal palace in the beautifully preserved imperial city of St. Petersburg. Celebrated globally for its history and architecture, Russia’s cultural capital recently became an even more attractive destination for GCC travelers thanks to the introduction of a convenient new online eVisa process.
Launched at the beginning of October, the St. Petersburg eVisa portal enables citizens from Saudi Arabia, Kuwait and Oman to enjoy the benefits of fast and simple online visa applications. Travelers can simply fill in the online form, upload a photograph, and can complete the entire process in just a few clicks. Applications can be made within 20 days of traveling, and up to four days before arrival. The visa is valid for stays of up to eight days in St. Petersburg and the surrounding Leningrad Region.
Felix Murillo, general manager of Four Seasons Hotel Lion Palace St. Petersburg, said: “The introduction of the eVisa portal offers a new level of convenience for international travelers, making it easier than ever for GCC citizens to arrange a trip to our wonderful city. Our concierge team takes great pleasure in highlighting St. Petersburg’s historical and cultural visitor attractions, and will be happy to arrange anything our guests may require to turn every trip into an unforgettable experience. We look forward to welcoming visitors from the Middle East to our beautiful hotel to share cherished moments and create memories that will last a lifetime.”
The Four Seasons Hotel Lion Palace St. Petersburg is located in the upmarket Admiralteysky district and was originally constructed in the early 19th century for Prince Alexander Yakovlevich Lobanov-Rostovsky.
Since first opening its doors to guests in 2013, the property offers 183 rooms, including 26 sumptuously decorated suites.
Perhaps the most stunning of the hotel’s accommodations is the one-of-a-kind Lobanov Presidential Suite, where guests can gather by the living room fireplace for a night of intimate conversation, host an al fresco dinner party on the expansive private terrace with stunning views of the Admiralty building and the surrounding park, or retreat to the grand master bedroom for a quiet and cosy evening.
The hotel is inviting guests to embark on a range of culinary adventures across its three restaurants. Diners can experience pan-asian fusion flavors at Sintoho, authentic Italian dishes at Percorso and modern Russian cuisine at The Tea Lounge.
Catering to the needs of visitors from the Middle East, halal meat is available on request.