Post the sale, the founder of Dainese will retain a minority stake in the company and will lend his expertise in its operations, Investcorp said.
Proceeds from the multi-currency programmes would be used predominantly to refinance upcoming maturities.
Nabeel Rajab, the founder of the Bahrain Centre for Human Rights, is one of the most high-profile democracy campaigners in the region.
In-demand chef plans to launch new Asian and Bar & Grill concepts next year
Investcorp did not reveal the deal value in the statement but said that the new investment will allow it to expand its business.
Batelco attributed the profit rise to strong contributions from the group’s international operations.
The reported move appeared to be the result of a court case brought by the government in July against the organisation, arguing it had broken the law and its own statutes.
Net profit for the first nine months rose 30 per cent to $376.3 million.
Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.
Nabeel Rajab went on trial over remarks published on his Twitter account that were critical of state institutions.
Zainab al-Khawaja was accused of insulting King Hamad by tearing up his picture, her lawyer said.
The projects include the upgrade to the country’s international airport, various tourism developments and the expansion of the aluminium smelter at state-owned firm Alba.
Rajab is accused of “insulting the the Interior and Defence Ministries” through his social media account.
The bourse plans to launch a novel equity-based murabaha financing tool and Islamic real estate investment trusts.
Money raised from the offering will be used to fund upgrades of its network infrastructure as well as expand its super-fast 4G LTE offering in the kingdom.
Rajab was freed in May after two years in jail on charges of organising and participating in illegal protests.
The Ministry said that Nabeel Rajab was summoned for questioning on Wednesday “regarding tweets posted on his Twitter account that denigrated government institutions”.
The new plant will create about 300 jobs, the company said.
BNA news agency said the court found the nine men – who are all Bahraini-born Shi’ites – guilty of smuggling weapons, including explosives, into the country in a case that dates back to 2013.
Viva said the launch of its next-generation mobile network – which allows web download speeds several times faster than its predecessor 3G – will help boost its revenues.
The new policy will allow citizens from 66 countries to receive visas upon arrival in Bahrain, while visitors from another 36 countries will be eligible for e-visas.
A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.
The statement was the first comment from a GCC state since the United States launched air and missile strikes in Syria for the first time on Tuesday.
The seven-year financing is split between a $300 million loan with an amortising structure and a $40 million revolving credit facility.
Bahrain has been shaken by persistent unrest since 2011.
No reason was given in the statement for the extension, which moves the closing date for investors to buy shares in the initial public offer to September 30.
Since listing in November 2010 on Bahrain’s index, Alba stock has struggled.
The properties are in Durham, North Carolina, Seattle in Washington, and Jacksonville in Florida, the company said in a statement.
No details were given on the timeframe to start operations or what type of licence was being sought to establish in Bahrain.
Final guidance was given at 6.00 per cent while initial guidance had been 6.00-6.125 per cent.