Arab News, Wednesday, Jan 05, 2022 | Jamada Al-Aakhirah 02, 1443
Saudi investment firm Arbah Capital acquires US-based Constitution Health Plaza in $87m deal
Saudi Arabia:
Saudi Arabia’s Islamic investment firm Arbah
Capital has acquired the Philadelphia-based medical complex Constitution Health
Plaza, valued at $87 million.
The US complex is to be added to the company’s
medical real estate portfolio, CNBC Arabia reported.
In December 2020, Arbah Capital also acquired the
$59 million Commonwealth Medical Centre in the US.
The company now has four investments valued at
nearly $220 million in the health sector.
Founded in 2008, Arbah Capital is the first
Islamic investment firm in Saudi Arabia that invests in private equity, venture
capital and real estate.