Latest news with #NaserAlNabulsi
Al Etihad
a day ago
- 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
7 days ago
- 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.
Arabian Business
05-08-2025
- Business
- Arabian Business
Dubai's Al Mal Capital REIT raises AED 210mn in oversubscribed public offering
Al Mal Capital REIT, the first real estate investment trust listed on the Dubai Financial Market (DFM), has successfully raised AED 210 million through a follow-on public offering (FPO), the company announced on Tuesday. The offering drew strong demand from both existing and new investors, highlighting a growing appetite for regulated income-generating real estate vehicles in the UAE and broader Gulf region. Units were priced at AED 1.125 per unit, inclusive of a subscription fee, with trading of the newly issued units expected to begin on the DFM between August 8 and 15, subject to final regulatory approvals. 'This successful raise demonstrates the trust investors continue to place in our vision and portfolio,' said Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital. 'The capital infusion will enable us to further expand our holdings, continue our growth trajectory and deliver attractive returns to our unitholders.' The REIT, regulated by the UAE's Securities and Commodities Authority (SCA), focuses on income-generating real estate assets in resilient sectors including healthcare, education, and industrials. Since 2023, it has maintained a steady 7 per cent annual dividend distribution, attracting investors seeking stable, long-term returns. According to Al Mal Capital, proceeds from the offering will be deployed to acquire additional high-quality assets across the UAE and wider GCC, in line with the fund's strategy of sector and geographic diversification. Priority allocation in the FPO was given to existing unitholders to preserve ownership, while a secondary tranche was opened to new subscribers. Al Mal Capital REIT remains subject to UAE investment regulations, including a 25 per cent cap on assets held outside the UAE. The transaction comes amid a broader uptick in investor interest in REITs across the region, as real estate investment trusts continue to gain traction as an accessible and transparent vehicle for real estate exposure.
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.
Arabian Post
30-06-2025
- Business
- Arabian Post
Al Mal Capital REIT unveils AED 242 million equity boost
Al Mal Capital REIT, listed on Dubai Financial Market, is launching a follow‑on public offering to raise up to AED 242 million by issuing as many as 220 million new units at AED 1.10 per unit, subject to Securities and Commodities Authority approval. The subscription period runs from 7 to 25 July, with trading of the newly issued units slated around 8 August, pending the necessary regulatory clearances. Proceeds from the sale will be allocated to expanding the trust's income‑generating portfolio, targeting high‑demand sectors such as healthcare, education and mission‑critical industrial assets within the UAE. ADVERTISEMENT The fund, managed by a subsidiary of Dubai Investments, currently holds units valued under AED 513.9 million. Following the FPO, this is projected to rise to approximately AED 733.9 million. Existing investors registered as unitholders on the official record date of 26 June will benefit from priority allocation, entitled to units equal to around 39 per cent of their current holdings, designed to shield them from dilution. A secondary tranche safeguards allocations of at least 2,000 units per valid new investor. The REIT has maintained stable performance since listing, delivering cumulative annual returns of approximately 7 per cent. It is issuing an interim cash dividend of AED 0.0375 per unit for the first half of 2025, equal to an annualised yield of around 7.5 per cent. Only investors on record by 26 June will be eligible. Naser Al Nabulsi, Vice‑Chairman and CEO of the manager, emphasised strong investor appetite for regional REITs, citing robust retail participation in prior Dubai market offerings. He described the upcoming sale as an opportunity to broaden participation in 'strong and consistent dividends'. The REIT maintains a fully occupied portfolio, with assets held under long‑term leases to investment‑grade tenants—attributes that enhance its funding appeal. As of the end of May, net asset value stood at AED 577 million, with a per‑unit NAV of AED 1.1229. Industry analysts view the move as timely, citing the success of the Dubai Residential REIT IPO, which drew strong demand and could create a favourable backdrop for this offer. Experts highlight that the clear pricing and allocation structure reflect solid governance and disciplined fund management.
