Al Mal Capital REIT, the first real estate investment trust listed on the Dubai Financial Market, will launch a follow-on public offering (FPO) to raise up to Dh220 million through the issuance of 220 million new units at Dh1.10 per unit. The offering opens on July 7 and closes on July 25. Trading of the new units is expected to commence on or around August 8, pending receipt of regulatory approvals.
The capital raise will increase the REIT’s issued capital from Dh513.9 million to Dh733.9 million. The proceeds will be used to expand the fund’s income-generating real estate portfolio, targeting assets in healthcare, education, and industrial sectors.
The FPO is open to UAE and GCC retail and institutional investors. Existing unitholders, as of June 26, 2025, will receive priority allocation equivalent to approximately 39% of their current holdings. Unsubscribed units will be subject to a minimum guaranteed allocation of 2,000 units for eligible new subscribers based on availability.
The REIT, managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, has delivered a 7% return since 2023. It is also distributing a cash dividend of Dh0.0375 per unit for the interim period ending June 30, 2025, reflecting an annualised yield of 7.5%. Investors must purchase units by June 24 to be eligible for this offer.
