Esterad Bank, a fully owned subsidiary of Esterad Ventures, yesterday announced the successful exit from its Sakani real estate investment, comprised of multiple residential real estate assets across the GCC.
The transaction aligns with the bank’s new strategy and efforts to restructure and sell legacy assets in order to provide cash exits for investors, a statement said.
Esterad Bank Acting chief executive Ahmed Abdulrahman said, “This exit marks another important achievement for Esterad Bank as we continue to prioritise the restructuring of our portfolios. Our ability to manage and execute this transaction demonstrates the strength of our strategy and commitment to returning capital to our investors.
“While we work on effectively managing and exiting long-standing investments, we are also focused on delivering new opportunities that align with our current strategy of investing in well-diversified and well-performing income generating assets in the GCC, the US and UK markets.”
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