Al Mal Capital REIT Announces Semi-Annual Dividend Distribution

Al Mal Capital REIT (AMCREIT), the first REIT listed on DFM and managed by Al Mal Capital PSC will pay a semi-annual dividend of AED 2.5 fils ($0.68) per unit, to unitholders, as approved by the fund manager at the AGM.

Al Mal Capital REIT is focused on adding quality real estate assets in designated sectors including healthcare, education and industrial. The operating model is designed to provide stable income, long-term capital appreciation and diversification benefits to its stakeholders.

AMCREIT’s first acquisition of two school campuses of Al Shola Private Schools in Ajman for AED 300 million is re-leased to the operator on a triple net basis, resulting in realized rental income and thus facilitating the bi-annual distribution of dividends.

Value proposition

“Al Mal Capital REIT has demonstrated its ability to meet the challenges posed by unprecedented circumstances and the fund’s performance is the result of the model’s commitment and resilience to adapt and deliver quickly. Al Mal Capital REIT’s strategy is focused on generating an attractive value proposition model with a high level of visibility and sustainability,” said Naser Nabulsi, Vice President and CEO of Al Mal Capital PSC.

“The robust and continued growth of Al Mal Capital REIT is a step forward in launching a policy of progressive dividends for unitholders in the years to come. As the REIT evaluates several investment opportunities, the approved semi-annual dividend recognizes the REIT’s financial condition and builds confidence in the growth prospects and ability to generate cash flow going forward,” said Sanjay Vig. , Managing Director, Al Mal Capital PSC.

Listed on the Dubai Financial Market (DFM) as “AMCREIT”, Al Mal Capital REIT will continue to maintain high levels of transparency and constructive engagement with unitholders.– TradeArabia Press Office

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