Latest news with #DFM
IOL News
16 hours ago
- Entertainment
- IOL News
Durban FilmMart 2025: A Focus on South African Cinema
Durban FilmMart Institute Director Magdalene Reddy said that South African cinema stands at a pivotal moment where our local industry expertise must be strengthened and celebrated. The Durban FilmMart, which runs from 18-21 July in Durban, will have a strong focus on the South African film industry. The Durban FilmMart said that it remains a gateway to the African and global film industry for local film professionals. 'The 2025 industry programme dedicates significant focus to South African cinema through its comprehensive 'SA in Focus' stream, bringing together the nation's most influential industry bodies, guilds, and creative professionals to address the current state and future of the local audio-visual sector.' Durban FilmMart Institute Director Magdalene Reddy said that South African cinema stands at a pivotal moment where our local industry expertise must be strengthened and celebrated. 'The 'SA in Focus' stream recognises that sustainable growth in African filmmaking begins with a robust foundation in our home market. By bringing together our guilds and industry leaders, DFM fosters the collaborative partnerships essential for our sector's advancement.' Reddy added that through this programming stream, DFM 2025 demonstrates an unwavering commitment to strengthening South African cinema from within, recognising that a thriving local industry forms the foundation for successful international collaboration and growth. eThekwini Municipality, in a statement, said that programme highlights include the flagship State of the South African Audio-Visual Industry session, featuring key stakeholders such as the National Film and Video Foundation, SABC, and various provincial commissions. 'The programme will also explore topics such as artificial intelligence's creative influence, copyright in the digital age, and strategies for international co-productions. Panel discussions hosted by major guilds, including the South African Guild of Actors, the Writers' Guild of South Africa and the Editors Guild, will address critical issues such as storytelling, sustainability, and creative ownership.' eThekwini Municipality added that standout sessions include The African Aesthetic, Directors as Cultural Architects, and Independent Producers Organisation to Intellectual Property, on global market access. 'This year's DFM focus on collaboration and professional development underscores its continued role in shaping a thriving and future-ready South African film industry.' BUSINESS REPORT
Al Etihad
2 days ago
- Business
- Al Etihad
UAE stock markets reach new peaks
26 June 2025 20:37 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets reached new peaks on Thursday following positive momentum generated by easing tensions between the US, Israel, and Abu Dhabi Securities Exchange (ADX) continued its positive trajectory with its general index (FADGI) rising by 0.766% to close at 9,886.23. A total of 32,750 trades were executed, involving 660 million shares with a combined value of Dh1.88 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.083 Properties led the rally with a 7.6% gain, followed by Abu Dhabi Commercial Bank with a 2.69% rise, and Eshraq Investments with a 4.35% increase. Other top gainers on the ADX included Al Khaleej Investments (+7.93%), Abu Dhabi Co. for Building Materials (+7.48%), and Alpha Data (+6.41%). Notable decliners were Oman and Emirates Investment Holding (-10.00%), Sharjah Cement (-3.09%), and Presight (-2.86%).The Dubai Financial Market (DFM) continued its rally for the sixth straight session with its general index (DFMGI) rising by 1.256% to close at 5,683.91, its highest level in 17 years. A total of 14,863 trades were executed on the DFM, involving 469 million shares with a combined value of Dh954 million. Share prices of 35 companies rose, nine declined, and 10 remained unchanged. Dubai Islamic Bank led the rally with a 4.91% rise in share price, followed by Union Properties (2.81%) and Salik (2.2%). Among the other top gainers on Monday were Sukoon Takaful (+11.43%), Chimera S&P UAE Shariah ETF (+6.18%), and National International Holding (+3.89%). On the losing side, International Financial Advisors fell by 9.89%, followed by Al Salam Sudan (-1.48%), Islamic Arab Insurance (-0.98%), and Dubai Residential REIT (-0.81%).
Mid East Info
4 days ago
- Business
- Mid East Info
Al Mal Capital REIT Announces Follow-on Public Offering and 3.75% dividend for H1 2025 - Middle East Business News and Information
Dubai, UAE: Al Mal Capital REIT AMC REIT the first REIT listed on the Dubai Financial Market (DFM), regulated by the Securities and Commodities Authority (SCA), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, is inviting existing unitholders, as well as UAE and GCC individual and institutional investors, to subscribe to new units in its closed ended Real Estate Investment Trust (REIT) through a follow-on public offering (FPO). The FPO, approved by the SCA, will issue up to 220,000,000 new units at a price of AED 1.1, increasing the issued capital of the Fund from AED513,889,872 up to AED 733,889,872. The raise will be used to expand the REIT's portfolio of income generating real estate assets carefully selected from secure growth sectors, including healthcare, education and mission-critical industrial assets. The subscription period will run from 7 July to 25 July 2025, with trading of the new units expected to commence on the Dubai Financial Market (DFM) around 8 August 2025, subject to regulatory and market approvals. Al Mal Capital REIT has a proven and stable track record having delivered a 7% return since 2023. It continues to target ongoing returns of c.+7%i for investors. In line with this performance, the REIT is also announcing a cash dividend of AED 0.0375 per unit for the interim period ending 30 June 2025, representing an annualized yield of 7.5%. To receive this dividend, investors must purchase units no later than 24 June 2025, as only unitholders on record as of 26 June 2025 will be eligible. Commenting on the FPO Naser Al Nabulsi, Vice Chairman and CEO at Al Mal Capital said: 'There is a growing investor appetite for Regional REITs as shown by recent offerings on the DFM that saw record-breaking retail participation, especially in the UAE. We are therefore pleased that we can offer more investors a chance to access Al Mal Capital REIT, the first REIT listed on the DFM, which continues to deliver strong and consistent dividends. Our focus on resilient real estate sectors which offer sustainable and recurring income based on secure cashflow and long-term demand, will be very attractive for both institutional and retail buyers.' Al Mal Capital REIT is managed by an experienced and respected investment team with a strong track record in managing income-generating commercial real estate assets. AMC REIT benefits from a robust SCA regulated REIT framework, and oversight from an experienced committee, which qualifies opportunities, oversees and ensures the fund's compliance with regulatory standards. The FPO is open to UAE and GCC retail and institutional investors. A priority allocation will be available to subscribers who already hold units in AMC REIT, and whose names appear in the register of unitholders as of 26th June 2025 (the 'Record Date'). These investors will be allocated units equal to approximately +39% of their current holdings, ensuring their ownership remains undiluted following the capital increase. A secondary allocation of unsubscribed units, after completion of the priority allocation, will have a Minimum Guaranteed Allocation (MGA) of up to 2,000 units per eligible new subscriber, subject to request and availability. Al Mal Capital REIT is a closed ended real estate investment trust (REIT) that is currently invested in a diversified portfolio of income generating real estate assets in the UAE, based on secure long-term lease agreements with a strong credit profile. The Fund gives UAE and GCC investors access to an asset class with long-term fundamentals, based on a strategy focused on investing in strong-performing UAE sectors, including healthcare, education and industrial assets. General Information on the Fund and the Offering • Fund Name: Al Mal Capital REIT • Fund Address: Office 901, 48 Burj Gate, Sheikh Zayed Road, Dubai, United Arab Emirates • Regulatory Authority: Securities and Commodities Authority (SCA) – United Arab Emirates Fund Overview: Al Mal Capital REIT is a public real estate investment fund with closed-ended capital. The Fund is licensed by the SCA and is governed by Federal Law No. (4) of 2000 regarding the Emirates Securities and Commodities Authority and Market. The Fund is also subject to the Chairman of the SCA's Decision No. (1/R.M) of 2023 concerning the regulation of investment funds (the 'Investment Funds Regulation') and the administrative decision No. (8/R.T) of 2023 approving the annexes associated with the Investment Funds Regulation, along with all other relevant laws, regulations, and resolutions applicable in the UAE. The primary objective of the Fund is to invest in a portfolio of income-generating real estate assets. The Fund's investments are primarily focused within the United Arab Emirates, with the option to invest in other GCC countries or internationally. However, the Fund's real estate assets located outside the UAE—whether in the GCC or elsewhere—must not exceed 25% of the Fund's total assets. The Fund is managed by the Fund Manager and does not have its own independent board of directors or employees. All investments of the Fund are subject to prior approval by the Investment and Oversight Committee, which is appointed by the Fund Manager and consists of at least five experts. Current Fund Capital (Nominal Value): AED 513,889,872 Fund Net Asset Value (NAV) as of 31 May 2025: AED 577,048,612 NAV per Unit as of 31 May 2025: AED 1.1229 Subscription Cost per Unit: AED 1.125, consisting of: • Issue Price per unit: AED 1.000 nominal • Issue Premium per unit: AED 0.100 • Issue Fee: AED 0.025 (incl. VAT) Current Number of Units: 513,889,872 Number of New Units: 200,000,000 (target) or up to 220,000,000 (if Green Shoe Option is exercised) Listing Venue: Dubai Financial Market (DFM) FPO Key Dates: • Announcement Date: 23 June 2025 • Subscription Period: 7 July – 25 July 2025 • Expected Trading of New Units: 8 August 2025
Al Etihad
4 days ago
- Business
- Al Etihad
Al Mal Capital REIT launches follow-on offering to raise Dh242 million
24 June 2025 13:50 REDDY (ABU DHABI)Al Mal Capital REIT, the first real estate investment trust (REIT) listed on the Dubai Financial Market (DFM), has launched a follow-on public offering (FPO) to raise up to Dh242 million in new capital. The fundraising will support the acquisition of additional income-generating assets across healthcare, education, and mission-critical industrial sectors. The FPO follows the remarkable success of the Dubai Residential REIT's recent IPO, which raised Dh1.245 billion after being oversubscribed 26 offering opens on July 7 and closes on July 25, with trading of the new units expected to begin on August 8, subject to regulatory approvals. The new units are priced at Dh1.10 each, including a nominal value of Dh1.00, a Dh0.10 issuance premium, and a Dh0.025 subscription fee, including VAT. The cost for investors works out to Dh1.125 per unit. The FPO will issue up to 220 million new units, raising the fund's issued capital from Dh513.9 million to Dh733.9 million. Existing unitholders on record as of 26 June 2025 will receive a priority allocation equal to approximately 39% of their current holdings to ensure their shareholding is not diluted. A secondary allocation will provide a minimum guaranteed allotment of up to 2,000 units to eligible new on the offering, Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital, said, 'There is a growing investor appetite for regional REITs as shown by recent offerings on the DFM that saw record-breaking retail participation, especially in the UAE. We are therefore pleased that we can offer more investors a chance to access Al Mal Capital REIT, which continues to deliver strong and consistent dividends.'Al Mal Capital REIT has reported a stable performance since 2023, distributing an annual return of around 7%. To underscore this track record, the REIT announced an interim dividend of Dh0.0375 per unit for the first half of 2025, reflecting a 7.5% annualised yield. Only investors holding units as of June 26 will be eligible to receive this of May 31, 2025, the fund's net asset value (NAV) stood at Dh577 million, with a NAV per unit of Dh1.1229. The REIT maintains a 100% occupancy rate across its real estate portfolio. Al Mal Capital REIT is managed by Al Mal Capital, a subsidiary of Dubai Investments. Investment Corporation of Dubai (ICD), an arm of the Government of Dubai, is the majority shareholder in Dubai Investments. The FPO is open to retail and institutional investors from the UAE and across the GCC. Interested investors can subscribe through First Abu Dhabi Bank branches, online banking (for FAB clients), or by submitting a manager's cheque payable to 'Al Mal Capital REIT – FPO.' The minimum subscription is 2,000 units, equivalent to a total investment of Dh2,250 including fees. Investors in the new units will be entitled to the same rights as existing unitholders, including eligibility for future dividend distributions.
Gulf Today
6 days ago
- Business
- Gulf Today
UAE is pressing ahead with a slate of infrastructure projects
Staff Reporter, Gulf Today UAE's authorities are fast-tracking enhancements to the country's transport network, signaling an open window for investors seeking early exposure to the next wave of growth Dubai: While the summer season is usually a quieter period for financial markets due to widespread investor holidays, global sentiment remains overshadowed by persistent geopolitical tensions this summer. Escalating concerns over US tariff measures and the intensifying Israel–Iran conflict have cast a pall over risk appetite, driving cautious investor positioning and heightened market volatility. Yet, against this backdrop of global unease, the United Arab Emirates is pressing ahead with an ambitious slate of infrastructure projects, using the relative calm of the summer months to accelerate key developments. With lighter traffic during the holiday stretch, authorities are fast-tracking enhancements to the country's transport network, signaling an open window for investors seeking early exposure to the next wave of growth. Major infrastructure initiatives are underway to strengthen both east–west and north–south connectivity across the emirates through new roads and metro extensions. In Dubai, upgrades to Hessa Street and the expansion of the Metro network with the Blue Line are pivotal undertakings aimed at easing congestion and linking emerging residential and commercial hubs. Meanwhile, the landmark Etihad Rail project is progressing steadily, ultimately set to integrate all seven emirates with a modern rail link, opening new avenues for investment in real estate and infrastructure equity. Adding to the skyline's evolution, Dubai Creek Harbour is constructing what is projected to become the tallest tower in the world, surpassing the iconic Burj Khalifa. In tandem, Dubai South continues to evolve as the city's future primary aviation center with the forthcoming Al Maktoum International Airport, cementing the UAE's role as a regional transport and logistics powerhouse. 'These transformative projects are expected to cut travel times by more than 75%' said Razan Hilal, Market Analyst, CMT at adding 'they will boost connectivity across burgeoning districts, laying the groundwork for robust property market performance, economic diversification, and sustainable urban planning for decades to come.' Several publicly listed companies like DEWA, Union Properties, Tabreed, and Salik stand to benefit directly from this wave of development, each playing a strategic role in energy, cooling, real estate, and road toll management respectively. However, despite this local momentum, the MSCI UAE Index has shed over 7% this month, reflecting broader concerns over dollar weakness and geopolitical turmoil. Leading developers such as Emaar Properties (DFM: EMAAR) have seen share price corrections of around 5%, underscoring the cautious tone prevailing among regional investors. 'While short-term volatility persists due to external shocks, the UAE's commitment to long-term national development plans - Vision 2025, 2030, and 2040 - suggests that current market dips may present strategic entry points for long-term investors', observes Hilal. She adds: 'Amid this climate, portfolio diversification remains prudent. Commodities like oil continue to serve as a hedge against supply disruptions in the region, while gold and silver retain their appeal as safe-haven assets, particularly relevant as industrial demand for silver expands in the technology sector. Overall, while global headwinds pose challenges, the UAE's clear focus on future-ready infrastructure and urban resilience reinforces its appeal as a steady beacon of opportunity for investors looking beyond short-term volatility. StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company with a nearly 100-year track record, StoneX Group Inc. serves more than 50,000 commercial, institutional and payments clients, and more than 370,000 retail accounts, from nearly 80 offices across six continents.
