CAPITAS GROUP EXITED FROM ITS JOINT VENTURE WITH THE ISLAMIC CORPORATION FOR THE PRIVATE SECTOR (ICD)
In 2015, Capitas Group formally exited from its joint venture with the Islamic Corporation for the Private Sector (ICD). In November 2015 we finalized our agreement for ICD to acquire 100% ownership stake in Capitas Group International, the Capitas/ICD joint venture company registered and based in Saudi Arabia. Part and parcel to that transaction, ICD has rebranded the company as Catalyst Group International. We would like to wish Catalyst Group and its shareholders the best of luck in their future endeavors in Saudi Arabia.
Since our exit from the ICD joint venture, Capitas has relocated its headquarters to Dubai, UAE. Capitas continues to serve as an adviser and partner to a select group of institutional investors, sovereigns, government ministries, royal and family offices, in the areas of real estate acquisitions, real estate development, and strategic cross-border transactions.
We remain committed to the expansion of Capitas and to deepening the highly valued relationships that we have developed in the region over the past seven years.