Latest news with #AlMalCapitalREIT
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."
Hi Dubai
17-03-2025
- Business
- Hi Dubai
Dubai Investments Reports AED 1.3B Net Profit Before Tax in 2024, Up 21%
Total income for 2024 reached AED 4.66 billion, driven by strong performance across the real estate and investment segment Rental income increased to AED 1.05 billion, accounting for 22.6% of total income, fuelled by sustained high occupancy levels at Dubai Investments Park and the acquisition of new assets by Al Mal Capital REIT Robust demand for real estate projects resulted in AED 1.03 billion in property sales, an increase of AED 201.8 million Total assets grew to AED 22.10 billion as of year-end 2024, up from AED 21.44 billion in 2023 In line with the commitment to shareholder value, the Dubai Investments board proposes a cash dividend of 18% (AED 0.18 per share) for 2024 Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), announced a net profit before tax attributable to shareholders of AED 1.3 billion for the fiscal year ending December 31, 2024, compared to AED 1.07 billion during the same period last year, marking a 21% increase. The Group's total income grew to AED 4.66 billion, mainly driven by the sale of properties amounting to AED 1.03 billion due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah and higher rental income due to occupancy levels maintained in DIP and acquisition of additional assets in Al Mal Capital REIT. Dubai Investments' total assets grew to AED 22.10 billion by the end of 2024, up from AED 21.44 billion in 2023. The Group's equity attributable to owners stood at AED 14.11 billion. With a net debt to total attributable equity ratio of 21.9%, the Group continues to maintain strong liquidity levels, underscoring the Group's robust financial position and resilience across economic cycles. In line with its commitment to delivering value to shareholders, the Board of Directors has proposed a cash dividend of 18% (AED 0.18 per share) for the year 2024, reinforcing Dubai Investments' focus on enhancing shareholder returns while maintaining a strong financial position and sustainable growth trajectory. Commenting on the full-year results, Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said: Dubai Investments' strong financial performance in 2024 has laid a robust foundation for sustained expansion and long-term growth. Dubai Investments remains focused on accelerating growth by actively evaluating investment opportunities across MENA and other regions, exploring strategic divestments, and assessing select Group companies for potential IPOs. These initiatives align with the Group's vision to enhance market presence, maximize shareholder value, and drive sustainable growth in the years ahead. Future Outlook The Group will launch several mixed-use real estate projects in the UAE whilst remaining focused on timely execution of projects in hand. The Group anticipates strong growth and remains optimistic about the real estate sector. The construction of the Group's Violet Tower project is progressing steadily, supported by healthy off-plan sales and remaining on track for completion by Q4 2026. A key priority is the continued expansion of the Al Mal Capital REIT portfolio, reinforcing its role as a reliable source of stable cash dividends. With a long-term vision for impact-driven investments, Dubai Investments is strengthening its footprint in the healthcare, education, financial services, artificial intelligence, and business services sectors. The Group remains committed to nurturing and scaling investments in these essential industries, reinforcing its role in supporting community development and regional economic progress. A disciplined approach to portfolio optimization remains a priority. The Group continues to monitor and reassess non-core assets, ensuring an agile and efficient investment strategy that strengthens market presence and drives sustainable growth in the years ahead. With a strategic and forward-looking approach, Dubai Investments remains well-positioned to navigate evolving market dynamics, strengthen its competitive edge, and drive sustainable value creation. News Source: Publicis Groupe
Gulf Business
14-03-2025
- Business
- Gulf Business
Dubai Investments posts 21% rise in 2024 profit, eyes growth opportunities
Image: Supplied DFM-listed The group's total income grew to Dhs 4.66bn, mainly driven by the sale of properties amounting to Dhs1.03bn due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah and higher rental income due to occupancy levels maintained in DIP and acquisition of additional assets in Al Mal Capital REIT. Dubai Investments' total assets grew to Dhs22.10bn by the end of 2024, up from Dhs21.44bn in 2023. The group's equity attributable to owners stood at Dhs14.11bn. With a net debt to total attributable equity ratio of 21.9 per cent, the group continues to maintain strong liquidity levels, underscoring the group's robust financial position and resilience across economic cycles. In line with its commitment to delivering value to shareholders, the board of directors has proposed a cash dividend of 18 per cent (Dhs 0.18 per share) for the year 2024, reinforcing Dubai Investments' focus on enhancing shareholder returns while maintaining a strong financial position and sustainable growth trajectory. Commenting on the full-year results, Khalid Bin Kalban, vice chairman and CEO of Dubai Investments, said: 'Dubai Investments' strong financial performance in 2024 has laid a robust foundation for sustained expansion and long-term growth. Dubai Investments remains focused on accelerating growth by actively evaluating investment opportunities across MENA and other regions, exploring strategic divestments, and assessing select group companies for potential IPOs. These initiatives align with the group's vision to enhance market presence, maximise shareholder value, and drive sustainable growth in the years ahead.' Dubai Investments: Future outlook The group will launch several mixed-use real estate projects in the UAE whilst remaining focused on the timely execution of projects in hand. The group anticipates strong growth and remains optimistic about the real estate sector. The construction of the group's Violet Tower project is progressing steadily, supported by healthy off-plan sales and remaining on track for completion by Q4 2026. A key priority is the continued expansion of the Al Mal Capital With a long-term vision for impact-driven investments, Dubai Investments is strengthening its footprint in the healthcare, education, financial services, artificial intelligence, and business services sectors. The group remains committed to nurturing and scaling investments in these essential industries, reinforcing its role in supporting community development and regional economic progress. A disciplined approach to portfolio optimisation remains a priority. The group continues to monitor and reassess non-core assets to strengthen its market presence and drive sustainable growth in the years ahead.
Zawya
14-03-2025
- Business
- Zawya
Dubai Investments achieved net profit before tax of AED1.3bln for the year ended 31 December 2024
Total income for 2024 reached AED 4.66 billion, driven by strong performance across the real estate and the investment segment Rental income increased to AED 1.05 billion, accounting for 22.6% of total income, fuelled by sustained high occupancy levels at Dubai Investments Park and acquisition of new assets by Al Mal Capital REIT Robust demand for real estate projects resulted in AED 1.03 billion in property sales, an increase of AED 201.8 million Total assets grew to AED 22.10 billion as of year-end 2024, up from AED 21.44 billion in 2023 In line with the commitment to shareholder value, the Dubai Investments board proposes a cash dividend of 18% (AED 0.18 per share) for 2024 Dubai, UAE: Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), announced a net profit before tax attributable to shareholders of AED 1.3 billion for the fiscal year ending December 31, 2024, compared to AED 1.07 billion during the same period last year, marking a 21% increase. The Group's total income grew to AED 4.66 billion, mainly driven by the sale of properties amounting to AED 1.03 billion due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah and higher rental income due to occupancy levels maintained in DIP and acquisition of additional assets in Al Mal Capital REIT. Dubai Investments' total assets grew to AED 22.10 billion by the end of 2024, up from AED 21.44 billion in 2023. The Group's equity attributable to owners stood at AED 14.11 billion. With a net debt to total attributable equity ratio of 21.9%, the Group continues to maintain strong liquidity levels, underscoring the Group's robust financial position and resilience across economic cycles. In line with its commitment to delivering value to shareholders, the Board of Directors has proposed a cash dividend of 18% (AED 0.18 per share) for the year 2024, reinforcing Dubai Investments' focus on enhancing shareholder returns while maintaining a strong financial position and sustainable growth trajectory. Commenting on the full-year results, Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said: 'Dubai Investments' strong financial performance in 2024 has laid a robust foundation for sustained expansion and long-term growth. Dubai Investments remains focused on accelerating growth by actively evaluating investment opportunities across MENA and other regions, exploring strategic divestments, and assessing select Group companies for potential IPOs. These initiatives align with the Group's vision to enhance market presence, maximize shareholder value, and drive sustainable growth in the years ahead.' Future Outlook The Group will launch several mixed-use real estate projects in the UAE whilst remaining focused on timely execution of projects in hand. The Group anticipates strong growth and remains optimistic about the real estate sector. The construction of the Group's Violet Tower project is progressing steadily, supported by healthy off-plan sales and remaining on track for completion by Q4 2026. A key priority is the continued expansion of the Al Mal Capital REIT portfolio, reinforcing its role as a reliable source of stable cash dividends. With a long-term vision for impact-driven investments, Dubai Investments is strengthening its footprint in the healthcare, education, financial services, artificial intelligence, and business services sectors. The Group remains committed to nurturing and scaling investments in these essential industries, reinforcing its role in supporting community development and regional economic progress. A disciplined approach to portfolio optimization remains a priority. The Group continues to monitor and reassess non-core assets, ensuring an agile and efficient investment strategy that strengthens market presence and drives sustainable growth in the years ahead. With a strategic and forward-looking approach, Dubai Investments remains well-positioned to navigate evolving market dynamics, strengthen its competitive edge, and drive sustainable value creation. Dubai Investments PJSC Dubai Investments is a publicly listed UAE based multi-asset investment Group, managing a diverse portfolio of businesses, generating sustainable financial returns to its shareholders. Established in 1995, Dubai Investments is one of the leading investments Group in the UAE, initiating new businesses and partnering with dynamic entities, creating strategic investment opportunities across the region. With 15,956 shareholders, a paid-up capital of AED 4.25 billion and total assets worth more than AED 22 billion, the Group applies insight and experience to expand and be a reliable growth driver for businesses within sectors like real estate, manufacturing, healthcare, education, investments and services. The Group's diverse portfolio consists of wholly and partly owned companies and reflects the Company's continued focus on business diversification to drive growth in line with evolving industry trends. Focused on leveraging strengths with an interest in establishing existing and new business opportunities with a long-term, strategic and creative approach and with an emphasis on sustainable returns and capital growth, Dubai Investments collaborates on investment strategies meeting the changing needs of the economy and the societies in which it operates. Complementing the strategic objectives and creating value for stakeholders, the Group pursues growth through mergers and acquisitions and business expansions. To know more visit - .
