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VCBank delivers 45pc return after Byrne exit

Bahrain Business
Mon, 03 Sep 2018
By Avinash Saxena


MANAMA: Venture Capital Bank (VCBank), a Bahraini Sharia-compliant investment firm, has netted a 45 per cent return after exiting its investment in regional equipment rental service provider Byrne Equipment Rental (BER). The firm said the total value of the transaction was 217 million Saudi riyals ($58m).

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