UAE Business: Al Mal Capital REIT announces half-yearly dividend distribution – Gulf Digital News

UAE Business: Al Mal Capital REIT announces half-yearly dividend distribution – Gulf Digital News

Al Mal Capital REIT (AMCREIT), the first REIT listed on DFM, and managed by Al Mal Capital PSC will pay half-yearly dividend of AED2.5 fils ($0.68) per unit, to the unit holders as approved by the fund manager at the AGM.

Al Mal Capital REIT, is focused on adding quality real estate assets in the designated sectors, including healthcare, education and industrial. The operating model is designed to provide a steady 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 AED300 million are leased back to the operator on a triple net basis resulting in realized rental income and thereby facilitating the half-yearly dividend distribution.

Value proposition

“Al Mal Capital REIT has demonstrated capabilities to navigate the challenges that were posed by the unprecedented circumstances and the performance of the fund is a result of the commitment and the resilience of the model to quickly adapt and deliver. 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 Chairman and CEO, Al Mal Capital PSC.

“Al Mal Capital REIT’s robust and continued