The stake was bought from Islamic investment bank GFH Financial Group, which said it would remain a strategic shareholder in Falcon.
Apicorp will act as a strategic shareholder supporting expansion of Falcon.
The cement company, which supplies big infrastructure projects in Bahrain, has production capacity of 1000 tpd and plans to raise that to 2400 t by the end of 2017.
Integrated Capital, part of the Abu Dhabi Financial Group, owns 10% of Falcon.
