New unit holders of Al Mal Capital REIT gain 57.3% on first day of trading
A. SREENIVASA REDDY (ABU DHABI)
The additional units of Al Mal Capital REIT (AMCREIT) created through a follow-on public offering (FPO) began trading on the Dubai Financial Market (DFM) on Monday, delivering a strong debut with a 57.3% gain for new unit holders on the first day.AMCREIT, the first REIT listed on the DFM, raised Dh210 million in the FPO, which was priced at Dh1.10 per unit, comprising a nominal value of Dh1, an issuance premium of Dh0.10, and a subscription fee of Dh0.025 including VAT — bringing the total investor cost to Dh1.125 per unit.By market close, the REIT's units were trading at Dh1.77. Its market cap as of Monday is at Dh1.263 billion.In a disclosure on the DFM, AMCREIT said the increased capital was activated on August 8 and the new units started trading on Monday. The capital has risen from Dh513,889,872 to Dh701,214,386, representing a 36.45% increase.The proceeds will be used to acquire additional income-generating assets in resilient sectors such as healthcare, education and mission-critical industrials, in line with AMCREIT's strategy of delivering attractive, stable returns. The company has maintained a sustainable annual dividend distribution of 7% since 2023, attracting strong investor interest.'The successful raise of Dh210 million demonstrates the trust investors continue to place in our vision and portfolio, and more broadly our ability to identify and invest in high-quality, income-generating real estate assets within the UAE and GCC,' said Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital PSC.
'This capital infusion will enable us to further expand our holdings, continue our growth trajectory and deliver attractive returns to our unitholders.'
Source: Aletihad - Abu Dhabi
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
14 hours ago
- Al Etihad
UAE tops again Greenfield FDI Performance Index
12 Aug 2025 15:34 A. SREENIVASA REDDY (ABU DHABI) The UAE was once again the world's top performer for attracting foreign direct investment relative to the size of its economy in 2024, leading the 10th edition of fDi Intelligence's Greenfield FDI Performance Index. The ranking covers 105 countries; 85 posted an index score above 1.0, meaning their share of global greenfield projects was larger than their share of global GDP, while 20 scored below 1.0. Investor confidence in the UAE 'remained strong', with a score of 14.26 indicating the country received more than fourteen times the project volume one might expect given its GDP, fDi Intelligence's report said. Although project numbers grew a modest 1.8% last year, the UAE ranked as the second-most popular FDI destination globally for inbound projects, behind the services, tech and financial services remained the leading FDI sectors, with financial services showing particularly strong project growth; transportation and warehousing, communications and consumer products also saw notable upticks. 'The UAE has many initiatives geared towards becoming a global leader in artificial intelligence,' fDi Intelligence report said. Artificial intelligence, cyber security and cloud computing continued to be key themes, underpinned by national strategies such as Artificial Intelligence 2031 and Centennial 2071. Recent announcements include Microsoft's plan for a global engineering development centre in Abu Dhabi and a 2025 move to build sovereign cloud and AI infrastructure with G42. The report has credited the achievements to the sound policy matrix of the country. 'The UAE has transformed FDI into a major opportunity for economic diversification. Its overall FDI success is also due to its pro-business environment, its relative stability in an otherwise turbulent region and its nonaligned foreign policy, which keeps the doors open to any investor from the East and West alike,' the report said. A recent Emirates NBD report said the UAE has reported 613 greenfield projects with capital inflows of $5.42 billion in the first half of 2025, setting the stage for another year of success. Beyond the UAE, several countries recorded striking improvements. Malta was the highest climber, jumping 50 places to 33rd, part of a cohort of smaller economies — among them El Salvador, Iceland, Moldova, Kyrgyzstan, Laos and Namibia—whose modest base magnified gains as offerings to foreign investors improved. Qatar's momentum stood out: inbound project numbers almost doubled from 2023, lifting it into the top 15 alongside Bahrain, where inbound FDI projects rose by almost 50%. Canada also surged, climbing 17 places to a record index score of 1.51 on the back of all-time-high inbound volumes. On the other side of the ledger, Uganda was the biggest decliner, dropping 43 places amid a fall in inbound projects and an 8.7% expansion in GDP that diluted its index position. Germany fell 14 spots as macroeconomic headwinds and energy-price shocks weighed on investor sentiment, pushing 2024 project counts to a 10-year low.
Zawya
18 hours ago
- Zawya
Union Coop sees higher profits in H1-25; revenues exceed $299mln
Dubai – Union Coop logged higher net profits at AED 173.57 million in the first half (H1) of 2025, versus AED 163.14 million a year earlier. Total income from operating activities amounted to AED 1.15 billion as of 30 June 2025, compared to AED 1.09 billion in H1-24, according to the financial results. Basic and diluted earnings per share (EPS) edged up to AED 0.10 in H1-25 from AED 0.09 in the first six months (6M) of 2024. Financials for Q2-25 In the second quarter (Q2) of 2025, Union Coop generated AED 74.21 million in net profit, up year-on-year (YoY) from AED 65.82 million. Basic and diluted EPS reached AED 0.04 in Q2-25, unchanged from Q2-24. The DFM-listed company reported total income valued at AED 566.14 million in April-June 2025, higher than AED 527.41 million in the year-ago period. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Al Etihad
19 hours ago
- Al Etihad
ADNOC L&S Q2 revenue up 40% YoY to $1,258 million
12 Aug 2025 11:01 ABU DHABI (WAM) ADNOC Logistics and Services plc (ADNOC L&S) on Tuesday reported record-breaking second-quarter (Q2) and first-half (H1) results for 2025, surpassing market expectations and demonstrating resilience and operational strength in a volatile L&S's Q2 revenue increased by 40 percent year-on-year (YoY) to US$1,258 million (Dh4,618 million) with EBITDA growing 31 percent YoY to $400 million (Dh1,470 million).Net profit for the quarter grew 14 percent YoY to $236 million (Dh866 million).In H1 2025, the company's revenue was $2,439 million (Dh8,957 million), a 40 percent YoY increase. EBITDA rose by 26 percent YoY to $744 million (Dh2,732 million), driven by robust performance across all business segments, sustaining EBITDA margin at 30 profit for H1 2025 was $420 million (Dh1,544 million), up 5 percent YoY, and up 18 percent compared to H2 L&S's diverse and resilient business model enabled the company to deliver strong net profit and operating cash flow despite challenging shipping charter rate environments in Gas, Tankers, and Dry by strong performance in its core business segments and improving margins, ADNOC L&S has upgraded its full-year guidance, expecting faster growth due to continued momentum and enhanced operational efficiency across key company continues to enhance value and streamline operations across its diverse asset portfolio, while advancing integration and innovation through its shipping and logistics subsidiaries, Navig8 and Zakher Marine International (ZMI).CEO of ADNOC L&S, Captain Abdulkareem Al Masabi, said, 'We are proud to report our highest-ever quarterly results, underscoring the strength of our growth strategy and our ability to capitalise on diversified opportunities across our Integrated Logistics, Shipping, and Services segments."He added that this record-breaking performance reflects ADNOC L&S's continued outperformance of market expectations, driven by robust cash flows, strategic partnerships, and operational Masabi said the integrated logistics segment delivered a solid performance, with revenues rising 22 percent YoY to $1,293 million (Dh4,748 million), reflecting strong demand and strategic growth in key areas. As a result, EBITDA rose by 27 percent YoY to $420 million (Dh1,542 million), highlighting the segment's significant contribution to the company's overall strong, profitable growth was mainly driven by continued strong utilisation and rates on Jack-up Barges (JUBs), improved profitability on the Integrated Logistics Solution Platform, and increased chartering activity beyond the ILSP. Additionally, Engineering, Procurement and Construction (EPC) projects, including the G-Island and Hail & Ghasha, contributed to strong revenue the shipping segment, it demonstrated exceptional growth, with revenues surging 89 percent YoY to $981 million (Dh3,602 million). This performance was primarily driven by the consolidation of revenue from the Navig8 tanker fleet, marking a key milestone in the company's strategic EBITDA increased by 25 percent YoY to $290 million (Dh1,067 million), despite substantially weaker market conditions than H1 2024, reflecting strong operational execution. A robust EBITDA margin of 30 percent reinforces ADNOC L&S's ability to generate strong value even in less buoyant services segment continues to extend ADNOC L&S's diversified business model, with revenues rising 4 percent YoY to $165 million (Dh607 million). EBITDA grew 22 percent YoY to $33 million (Dh121 million), primarily driven by higher volumes at the Borouge Container Terminal and the share of profit from Navig8's bunkering business (Integr8).
