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Market: DUBAI Symbol: ALMAL ISIN: AEA003630067 Industry: Real Estate Investment Trusts

Al Mal Capital REIT is a closed ended real estate investment trust (REIT) that invests in a diversified portfolio of income generating real estate assets in the UAE and GCC, based on secure long-term lease agreements with a strong credit profile.

The Fund will offer UAE and GCC investors access to an asset class with long-term fundamentals, through a strategy focused on investing in strong-performing UAE sectors, including healthcare, education and industrial assets, with a target return of 7% from year one

The REIT has a target fund size of AED 500 million managed by Al Mal Capital PSC with the following objectives:

 

Share data 17/05/2024
Currency AED Volume 0
Previous Close 1.40 Number of Shares (mln) 750.06
Change (%) 0.00 Market Cap (mln) 1,050.09
Key Figures (AED'000) 2021 2022 2023
Income 2,598 23,132 44,778
Total expense (5,359) (4,912) (5,278)
Profit/loss for the period (8,036) 19,926 34,535
Total assets 343,820 355,272 624,037
Total liabilities 1,792 2,069 258,178
Total unitholder's equity 342,028 353,203 365,859
Net cash used in operating activities (1,389) 13,347 49,290
Net cash generated from investing activities (305,275) 706 (287,811)
Net cash generated from financing activities 350,064 (8,751) 209,809
Basic and diluted loss per unit (AED) (0.023) 0.057 0.099
Net asset value per unit (AED) 0.977 1.009 1.045