Arcapita is seeking to conduct a rights issue to raise fresh funds from its shareholders, Reuters reports. The Bahrain-based Islamic investment firm also plans to market the rights issue to new institutional investors in the Gulf region, Malaysia and parts of Asia. Arcapita has a $1.1 billion murabaha loan due in April next year, which needs to be refinanced. The firm plans to partly pay back the loan from its own funds and new debt it seeks from banks and plans to roll over the rest.
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