News

Dubai Investments readies property fund

Dubai Investments is preparing to launch an $810 million (€659.1 million) real estate investment trust (Reit), pending regulatory approval. The investment firm, which is listed on the Dubai stock exchange, will provide 40% of the fund’s capital with the remainder provided by its investors. According to chief executive and managing director Khalid Kalban, the Reit will include properties in a range of sectors in the UAE, from healthcare to industrial assets. Once the initial assets have been identified, the fund will be listed with the aim of reaching a value of around $2.5 billion, said Kalban in comments reported by local media. Kalban also added that the fund intends to offer investors annualised returns of no less than 7%. Dubai Investments separately revealed profits of more than $270 million for 2017 with assets increasing by $242 million to $4.7 billion. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.