4 days ago
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
