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08-04-2019 Media in\ Dubai
Emirates Reit Fund – Shariah-compliant real estate investment fund today announced its five-year listing on NASDAQ Dubai.
Mr. Abdullah Al Hamli, Chairman of Equativa Group, Dubai, Silvan Viojo, CEO of Equativa Group, Dubai, and Director of Emirates Reit Fund, opened the NASDAQ Dubai opening bell to mark the fifth anniversary of Emirates Reit’s listing on the international stock exchange. In the presence of a group of senior shareholders, board members and government officials.
Emirates Retreat, which was established in the Dubai International Financial Center (DIFC), became the first GCC real estate investment fund to be listed on April 8, 2014, becoming the world’s largest Shari’a-compliant REIT fund and the first REIT fund. The Arab region enters the global sukuk market and has a credit rating when it floated its first $ 400 million Sukuk on December 6, 2017.
Since its IPO, Emirates REIT has distributed US $ 122.84 million (US $ 0.41) per share. The fund provides a simple and effective way to invest in real estate in a diversified portfolio of excellent assets that provides stable and growing liquidity.
For his part, Hamed Ali, Chief Executive Officer of Nasdaq Dubai, said: “We are pleased to host the successful listing of Emirates Reit Fund from its major public offering and follow-up of the company’s development over the past five years.” The listing of the fund reflects the diverse role of the capital markets In the UAE by enabling investors to enter the real estate sector without owning real estate directly.
