The Al Mal Capital REIT, the first listed real estate investment trust on the Dubai Financial Market and regulated by the UAE’s Securities and Commodities Authority, announced today the distribution of final dividends amounting to 3.75 fils per unit for the second half of the fiscal year ending December 31, 2025. This results in total distributions of 26.3 million dirhams, an increase compared to 19.27 million dirhams for the six-month period ending June 30, 2025.
This distribution aligns with the fund’s investment policy and the regulatory framework issued by the Securities and Commodities Authority, and comes from the fund’s enhanced capital of 701.2 million dirhams, following a successful increase in capital through a rights issue completed in 2025. This reflects an annual yield of 7.5% for unit holders. The dividends are expected to be paid on April 9, 2026, pending the completion of usual administrative procedures.
The announcement follows a year marked by significant strategic achievements for the fund. In 2025, the fund successfully completed a capital increase through a rights issue, raising approximately 206 million dirhams, which strengthened the fund’s equity base to support future growth plans. The fund also expanded its investment portfolio by acquiring NMC Royal hospital properties and Falcon House, marking its first investment in the healthcare sector, further diversifying its portfolio alongside existing educational assets.
As a result of this acquisition, the fund’s portfolio now comprises seven income-generating assets in the education and healthcare sectors, supported by long-term leases with financially stable tenants. The portfolio continues to benefit from consistent and predictable cash flows, with a total portfolio value of around 1.4 billion dirhams and a Weighted Average Unexpired Lease Term (WAULT) of approximately 16 years. Additionally, during the year, the fund refinanced some of its existing financing facilities, which improved its debt maturity profile and reduced financing costs.
Sandeep Vagh, Vice President of Al Mal Capital, stated, “The Al Mal Capital REIT demonstrated robust operational performance in 2025, alongside the implementation of several important strategic initiatives that enhance the fund’s long-term growth prospects. The completion of the capital increase and the acquisition of NMC Royal hospital properties and Falcon House are pivotal milestones that have contributed to the diversification of our portfolio and bolstered our income sources. We remain focused on expanding the fund’s portfolio within various real estate sectors such as education and healthcare, while maintaining disciplined capital management and providing stable and attractive income distributions for unit holders.”