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 | 06/12/2024 | ||
Currency | AED | Volume | 0 |
Previous Close | 1.20 | Number of Shares (mln) | 750.06 |
Change (%) | 0.00 | Market Cap (mln) | 900.08 |
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 |