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: 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.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.