Al Mal Capital is the first REIT listed on Dubai Financial Market (DFM), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC. Accordingly, the school campuses have been leased back to the operator for a long-term period on a triple net basis for management and operation. The two acquired schools,…
DUBAI: Al Mal Capital has successfully raised AED 350 million in the initial public offering (IPO) of units in Al Mal Capital REIT, its newly founded entity, having closed the subscription period on 8th December 2020. Al Mal Capital, the fund Manager, received SCA’s approval to float Al Mal Capital REIT and list its…