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 | 09/05/2025 | ||
Currency | AED | Volume | 0 |
Previous Close | 0.97 | Number of Shares (mln) | 750.06 |
Change (%) | 0.00 | Market Cap (mln) | 727.56 |
Key Figures (AED'000) | 2022 | 2023 | 2024 |
---|---|---|---|
Income | 23,132 | 44,778 | 65,645 |
Total expense | (4,912) | (5,278) | (7,453) |
Profit/loss for the period | 19,926 | 34,535 | 61,961 |
Total assets | 355,272 | 624,037 | 1,055,646 |
Total liabilities | 2,069 | 258,178 | 476,177 |
Total unitholder's equity | 353,203 | 365,859 | 579,469 |
Net cash used in operating activities | 13,347 | 49,290 | 43,124 |
Net cash generated from investing activities | 706 | (287,811) | (164,086) |
Net cash generated from financing activities | (8,751) | 209,809 | 125,869 |
Basic and diluted loss per unit (AED) | 0.057 | 0.099 | 0.121 |
Net asset value per unit (AED) | 1.009 | 1.045 | 1.128 |