Latest news with #AlMalCapitalREIT
Al Etihad
11-08-2025
- Business
- Al Etihad
New unit holders of Al Mal Capital REIT gain 57.3% on first day of trading
11 Aug 2025 20:17 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 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 market close, the REIT's units were trading at Dh1.77. Its market cap as of Monday is at Dh1.263 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% 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
Mid East Info
06-08-2025
- Business
- Mid East Info
Al Mal Capital REIT successfully raises AED 210 million in follow-on public offering - Middle East Business News and Information
Dubai, UAE, August 2025: Al Mal Capital REIT AMCREIT, the first REIT listed on the Dubai Financial Market DFM and regulated by the Securities and Commodities Authority SCA, today announced the successful closure of its follow-on public offering FPO, raising AED 210 million in total subscription. The strong investor demand highlights surging regional interest in REITs, especially those like Al Mal Capital REIT that consistently deliver attractive and stable returns. AMCREIT's proven track record of a sustainable annual dividend distribution of 7% since 2023, combined with a strategic focus on income-generating assets in resilient sectors such as education, healthcare, and industrials, has continued to draw a wide range of investors seeking long-term value and diversification. This capital raise will further bolster AMCREIT's position as a leading player in the UAE and GCC real estate markets. The funds will be strategically deployed to expand the portfolio, with a focus on acquiring high-quality, income-generating assets, continuing the REIT's commitment to delivering attractive returns to its unitholders while providing further diversification within its investment base. Commenting on the strong uptake, Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital PSC, said: 'We are pleased to conclude this offering with a successful raise of AED 210 million, which 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. This capital infusion will enable us to further expand our holdings, continue our growth trajectory and deliver attractive returns to our unitholders.' The FPO issued new units at AED 1.125 per unit (including AED 0.025 subscription fee). Existing unitholders were provided with a priority allocation to preserve ownership, alongside a secondary allocation for new subscribers. Trading of the newly issued units is expected to commence on the DFM between the 8th and 15th of August 2025, subject to regulatory approvals. General Information on the Fund: • 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 based on a strategy focused on investing in real estate assets in strong-performing UAE sectors including healthcare, education and industrial. 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.
Zawya
05-08-2025
- Business
- Zawya
Al Mal Capital REIT successfully raises AED210mln in follow-on public offering
Dubai, UAE: Al Mal Capital REIT (AMCREIT), the first REIT listed on the Dubai Financial Market (DFM) and regulated by the Securities and Commodities Authority (SCA), today announced the successful closure of its follow-on public offering (FPO), raising AED 210 million in total subscription. The strong investor demand highlights surging regional interest in REITs, especially those like Al Mal Capital REIT that consistently deliver attractive and stable returns. AMCREIT's proven track record of a sustainable annual dividend distribution of 7% since 2023, combined with a strategic focus on income-generating assets in resilient sectors such as education, healthcare, and industrials, has continued to draw a wide range of investors seeking long-term value and diversification. This capital raise will further bolster AMCREIT's position as a leading player in the UAE and GCC real estate markets. The funds will be strategically deployed to expand the portfolio, with a focus on acquiring high-quality, income-generating assets, continuing the REIT's commitment to delivering attractive returns to its unitholders while providing further diversification within its investment base. Commenting on the strong uptake, Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital PSC, said: 'We are pleased to conclude this offering with a successful raise of AED 210 million, which 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. This capital infusion will enable us to further expand our holdings, continue our growth trajectory and deliver attractive returns to our unitholders.' The FPO issued new units at AED 1.125 per unit (including AED 0.025 subscription fee). Existing unitholders were provided with a priority allocation to preserve ownership, alongside a secondary allocation for new subscribers. Trading of the newly issued units is expected to commence on the DFM between the 8th and 15th of August 2025, subject to regulatory approvals. General Information on the Fund • 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 based on a strategy focused on investing in real estate assets in strong-performing UAE sectors including healthcare, education and industrial. 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.
Mid East Info
08-07-2025
- Business
- Mid East Info
Al Mal Capital REIT Announces Opening of Follow-on Public Offering - Middle East Business News and Information
Dubai, UAE,July 2025: Al Mal Capital REIT AMC REIT, the first REIT listed on the Dubai Financial Market (DFM), licensed and regulated by the Securities and Commodities Authority (SCA), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, today announced the official opening of the subscription period for its Follow-on Public Offering (FPO). The FPO, approved by the SCA, aims to raise up to AED 242 million by issuing up to 220 million new units priced at AED 1.125 per unit, including AED 0.025 subscription fee. The FPO is open to retail and institutional investors across the UAE and GCC, with the subscription period running from 7 July to 25 July 2025. Al Mal Capital REIT has a proven and stable track record, having delivered a 7% distributed return since 2023, supported by 100% portfolio occupancy with stable lease rentals and a Weighted Average Unexpired Lease Term (WAULT) of approximately 20 years. The REIT continues to target consistent returns of approximately 7% for investors. The strategic capital raised through the FPO will be used to enhance the REIT's portfolio by acquiring additional income-generating assets in resilient sectors such as healthcare, education, and mission-critical industrials, further enhancing the REIT's growth and diversification. To preserve ownership and minimise dilution, a priority allocation will be available to existing investors in the register of unitholders as of the Record Date (26 June 2025). These investors may subscribe to approximately 39% or more of their current holdings to maintain their ownership share and avoid dilution. A secondary allocation of unsubscribed units will include a Minimum Guaranteed Allocation (MGA) of up to 2,000 units per eligible new subscriber, subject to request and availability. The new units are expected to be allocated between 1-8 August 2025, with trading of the same units anticipated to commence on the Dubai Financial Market approximately between (DFM) 8-15 August 2025, subject to regulatory approvals. Investors can subscribe through the First Abu Dhabi Bank (FAB) bank branches, via online/mobile banking (for FAB clients), through Central Bank's payment system, or via Manager's cheque. FAB is acting as the Lead Receiving Bank for the offering. Al Mal Capital REIT is a closed-ended real estate investment trust 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 provides UAE and GCC investors with access to an asset class with long-term fundamentals, based on a strategy focused on investing in real estate assets in strong-performing UAE sectors including healthcare, education and industrial. 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 based on a strategy focused on investing in real estate assets in strong-performing UAE sectors including healthcare, education and industrial. 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
07-07-2025
- Business
- Al Etihad
Al Mal Capital REIT's FPO subscription period begins
7 July 2025 12:07 A. SREENIVASA REDDY (ABU DHABI)Subscriptions opened on Monday for the Follow-on Public Offering (FPO) of Al Mal Capital REIT, the first real estate investment trust (REIT) listed on the Dubai Financial Market (DFM). The offering will remain open until July FPO aims to raise up to Dh242 million through the issuance of up to 200 million new units, priced at Dh1.125 per unit. The offer is open to both individual and institutional investors across the UAE and the Abu Dhabi Bank (FAB) is acting as the Lead Receiving Bank. Investors can subscribe via FAB branches, online and mobile banking (for FAB clients), through the Central Bank's payment system, or by submitting a Manager's allocation is expected to take place between August 1 and 8, 2025, with trading on the DFM anticipated between August 8 and 15, subject to regulatory proceeds from the offering will be used to acquire additional income-generating assets across the healthcare, education, and mission-critical industrial sectors. The move follows the successful IPO of Dubai Residential REIT, which raised Dh1.245 billion and was oversubscribed 26 unitholders on record as of June 26, 2025, will receive a priority allocation equivalent to approximately 39% of their current holdings to protect against dilution. A secondary allocation will guarantee a minimum of up to 2,000 units to eligible new 2023, Al Mal Capital REIT has delivered a stable performance, with an annual return of around 7%.The REIT is managed by Al Mal Capital, a subsidiary of Dubai Investments. The Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, is the majority shareholder in Dubai Investments.'Al Mal Capital REIT's follow-on offering looks like a smart move for both existing and new investors who are after stable, long-term income,' said Samer Mardini, Chief Investment Officer at a family office in Dubai. 'The pricing is fair, the structure is clear, and overall it reflects a mature, well-managed fund,' he added. 'If they follow through on their plans to acquire solid, income-generating assets, there's real potential for both the value of the fund and its dividend payouts.'
