Al Mal Capital REIT Unveils Follow-On Public Offering and 3.75% Dividend for H1 2025

Strategic Insights -

Al Mal Capital REIT, the first Real Estate Investment Trust listed on the Dubai Financial Market (DFM), has announced plans for a follow-on public offering (FPO) and a 3.75% interim dividend for the first half of 2025. The FPO aims to issue up to 220 million new units at AED 1.1 each, potentially increasing the fund's issued capital from AED 513.89 million to AED 733.89 million. The proceeds will be used to enhance the REIT's portfolio, which includes high-growth sectors such as healthcare, education, and mission-critical industrial properties. The dividend will be paid to investors who purchase units by June 24, 2025, and have a cash component of AED 0.0375 per unit, translating to an annualized yield of 7.5%.

Key Takeaways:

  • The FPO is open to existing unitholders and new investors from the UAE and GCC regions, with a subscription window from July 7 to July 25, 2025.
  • The new units will be listed on the DFM around August 8, 2025, pending necessary approvals.
  • Al Mal Capital REIT has consistently delivered a 7% return since 2023, with ongoing targets around the same mark.
  • The fund's portfolio is invested in diverse income-generating real estate assets across the UAE, secured through long-term lease agreements with strong credit profiles.
  • The REIT operates under a stringent SCA-regulated REIT framework, ensuring adherence to regulatory standards and maintaining compliance.
  • The FPO is open to both retail and institutional investors, with a priority allocation designated for current unitholders.
  • The dividend is set to be paid in cash equivalent to AED 0.0375 per unit, with a nomination period ending on June 24, 2025.

Statistics:

  • The FPO aims to issue up to 220 million new units at AED 1.1 each.
  • The new units will potentially increase the fund's issued capital from AED 513.89 million to AED 733.89 million.
  • The dividend will be paid in cash equivalent to AED 0.0375 per unit, translating to an annualized yield of 7.5%.
  • The subscription window for the FPO is from July 7 to July 25, 2025.
  • The trading of new units is anticipated to commence on the DFM around August 8, 2025.

Sources:

  • Dubai Financial Market (DFM) - June 24, 2025
  • Securities and Commodities Authority (SCA) -
  • Al Mal Capital REIT - June 24, 2025