05-08-2025
Al Mal Capital Reit successfully raises Dh210 million in follow-on public offering
Al Mal Capital Reit (AMCReit), the first Reit listed on the Dubai Financial Market (DFM) and regulated by the Securities and Commodities Authority (SCA),on Tuesday announced the successful closure of its follow-on public offering (FPO), raising Dh210 million in total subscription.
The FPO issued new units at Dh1.125 per unit (including Dh0.025 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 August 8 and 15, subject to regulatory approvals.
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 seven per cent 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.
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 Dh210 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.'
