Latest news with #NaserAlNabulsi
Arabian Post
30-06-2025
- Business
- Arabian Post
Al Mal Capital REIT unveils AED 242 million equity boost
Al Mal Capital REIT, listed on Dubai Financial Market, is launching a follow‑on public offering to raise up to AED 242 million by issuing as many as 220 million new units at AED 1.10 per unit, subject to Securities and Commodities Authority approval. The subscription period runs from 7 to 25 July, with trading of the newly issued units slated around 8 August, pending the necessary regulatory clearances. Proceeds from the sale will be allocated to expanding the trust's income‑generating portfolio, targeting high‑demand sectors such as healthcare, education and mission‑critical industrial assets within the UAE. ADVERTISEMENT The fund, managed by a subsidiary of Dubai Investments, currently holds units valued under AED 513.9 million. Following the FPO, this is projected to rise to approximately AED 733.9 million. Existing investors registered as unitholders on the official record date of 26 June will benefit from priority allocation, entitled to units equal to around 39 per cent of their current holdings, designed to shield them from dilution. A secondary tranche safeguards allocations of at least 2,000 units per valid new investor. The REIT has maintained stable performance since listing, delivering cumulative annual returns of approximately 7 per cent. It is issuing an interim cash dividend of AED 0.0375 per unit for the first half of 2025, equal to an annualised yield of around 7.5 per cent. Only investors on record by 26 June will be eligible. Naser Al Nabulsi, Vice‑Chairman and CEO of the manager, emphasised strong investor appetite for regional REITs, citing robust retail participation in prior Dubai market offerings. He described the upcoming sale as an opportunity to broaden participation in 'strong and consistent dividends'. The REIT maintains a fully occupied portfolio, with assets held under long‑term leases to investment‑grade tenants—attributes that enhance its funding appeal. As of the end of May, net asset value stood at AED 577 million, with a per‑unit NAV of AED 1.1229. Industry analysts view the move as timely, citing the success of the Dubai Residential REIT IPO, which drew strong demand and could create a favourable backdrop for this offer. Experts highlight that the clear pricing and allocation structure reflect solid governance and disciplined fund management.
Mid East Info
24-06-2025
- 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
24-06-2025
- 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.
Zawya
21-03-2025
- Business
- Zawya
Al Mal Capital REIT announces final dividend for FY 2024
UAE - Al Mal Capital REIT, the first real estate investment trust managed by Al Mal Capital, a diversified, multi-line investment company and a subsidiary of Dubai Investments, has delivered yet another strong financial performance for FY 2024, setting the final dividend at AED20.5 million ($5.6 million). The DFM-listed Al Mal Capital REIT (Amcreit) said the final dividend of AED4 fils per unit is a milestone distribution, as it is on the enhanced unitholders' capital of AED514 million ($140 million) raised through a rights issue in April 2024. The final dividend of AED4 fils per unit combined with the interim dividend of AED 3.0 fils per unit paid in August 2024 has ensured that Amcreit continues with its commitment of target annualized yield of 7.0% to the unitholders. The REIT will pay the interim dividend to the unit holders with the entitlement date set for March 27, 2025. In line with its strategy of growing its portfolio in the mandated sector of Education, Amcreit completed the acquisition of Carnation Education (Carnation), thus enhancing its overall investment portfolio. The Emirati group's REIT said its balance sheet surpassed AED 1 billion in 2024 with the investment properties valued at AED 993 million (as against AED 578 million as of 31 December 2023). With the acquisition of Carnation (owner of Kent College Dubai), Amcreit's net property income touched AED 65.6 million for the full year 2024, which represented an increase of c. 47% over the corresponding period of twelve months ended 31 December 2023. The total comprehensive income for the full year 2024 was AED 61.9 million, an increase of 80% vis-à-vis the previous financial year 2023. Commenting on the dividend distribution, Al Mal Capital Vice Chairman and CEO Naser Al Nabulsi said: 'Amcreit has delivered yet another solid performance in 2024. The year witnessed key successes including enhancement of the capital base with new investor participation, acquisition of another K-12 school taking the overall assets to five school campuses and the continued dividend distribution to the unitholders." "Amcreit believes in sustainable value creation to its unitholders and in line with this, the final dividend distribution of AED4 fils per unit reiterates the commitment to deliver the target annualized yield of 7.0% for 2024," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
20-03-2025
- Business
- Trade Arabia
Al Mal Capital REIT announces final dividend for FY 2024
Al Mal Capital REIT, the first real estate investment trust managed by Al Mal Capital, a diversified, multi-line investment company and a subsidiary of Dubai Investments, has delivered yet another strong financial performance for FY 2024, setting the final dividend at AED20.5 million ($5.6 million). The DFM-listed Al Mal Capital REIT (Amcreit) said the final dividend of AED4 fils per unit is a milestone distribution, as it is on the enhanced unitholders' capital of AED514 million ($140 million) raised through a rights issue in April 2024. The final dividend of AED4 fils per unit combined with the interim dividend of AED 3.0 fils per unit paid in August 2024 has ensured that Amcreit continues with its commitment of target annualized yield of 7.0% to the unitholders. The REIT will pay the interim dividend to the unit holders with the entitlement date set for March 27, 2025. In line with its strategy of growing its portfolio in the mandated sector of Education, Amcreit completed the acquisition of Carnation Education (Carnation), thus enhancing its overall investment portfolio. The Emirati group's REIT said its balance sheet surpassed AED 1 billion in 2024 with the investment properties valued at AED 993 million (as against AED 578 million as of 31 December 2023). With the acquisition of Carnation (owner of Kent College Dubai), Amcreit's net property income touched AED 65.6 million for the full year 2024, which represented an increase of c. 47% over the corresponding period of twelve months ended 31 December 2023. The total comprehensive income for the full year 2024 was AED 61.9 million, an increase of 80% vis-à-vis the previous financial year 2023. Commenting on the dividend distribution, Al Mal Capital Vice Chairman and CEO Naser Al Nabulsi said: 'Amcreit has delivered yet another solid performance in 2024. The year witnessed key successes including enhancement of the capital base with new investor participation, acquisition of another K-12 school taking the overall assets to five school campuses and the continued dividend distribution to the unitholders."
