Dubai's Al Mal REIT raises $57mln via FPO
Managed by Al Mal Capital, a subsidiary of Dubai Investments, the REIT issued new units at AED 1.125 per unit, inclusive of an AED 0.025 subscription fee.
Proceeds from the offering will be used to expand the REIT's portfolio, with focus on acquiring high-quality, income-generating assets.
Subject to regulatory approvals, trading of the newly issued units is expected to commence on the DFM between August 8 and 15, 2025.
(Writing by Brinda Darasha; editing by Bindu Rai)
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