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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 2.5 Phil ($0.68) per unit to unitholders, subject to the approval of the fund manager. Annual General Meeting of Shareholders.
Al Mal Capital REIT focuses on growing quality real estate assets in designated sectors including healthcare, education and industrial. The operating model is designed to provide its stakeholders with stable income, long-term capital appreciation and diversification benefits.
AMCREIT’s first acquisition of two campuses of Al Shola Private School in Ajman for AED 300 million was leased back to the operator on a triple net basis, resulting in rental income that facilitated half-year dividend distribution.
value proposition
“Al Mal Capital REIT has demonstrated its ability to meet the challenges posed by unprecedented circumstances, and the fund’s performance is a result of the model’s commitment and resilience to adapt and deliver quickly. Al Mal Capital REIT’s strategic focus is to build highly visible attractive value proposition model for sexuality and sustainability,” said Naser Nabulsi, Vice Chairman and CEO of Al Mal Capital PSC.
“The strong and continued growth of Al Mal Capital REIT is a step towards initiating a progressive dividend policy for unitholders over the next few years. As the REIT is evaluating several investment opportunities, the approved semi-annual dividend confirms the REIT’s financial position and strengthens the Confidence in future growth prospects and cash flow generation capability,” said Sanjay Vig, Managing Director of Al Mal Capital PSC.
Al Mal Capital REIT, listed on the Dubai Financial Market (DFM) under the name “AMCREIT”, will continue to maintain high levels of transparency and constructive engagement with unitholders. — arab trade news agency
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