Singapore: Arqaam Capital exits Sembcorp Salalah venture in trade sale to Oman state fund

Visual of Arqaam Capital website. November 2015.

BDCC Investment Company (BDCC)a special purpose vehicle that is wholly-owned by an infrastructure fund currently managed by Arqaam Capital, has sold its equity interest in Sembcorp Salalah Power and Water Company (SSPWC) in a trade sale transaction to the Diwan of Royal Court Pension Fund, the state fund of the Sultanate of Oman.

BDCC invested in SSPWC in late 2011, during its construction phase.  This investment was part of the infrastructure fund’s strategy to create a balanced portfolio across brownfield and greenfield assets.This was meant to align the risk and return profiles with extant investment policy.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter