Al Mal Capital founded in Dubai UAE
AED 330 Mn in capital

Brokerage execution platform
Al Mal UAE Equity Fund launched record-size AED 250 mn

Al Mal Real Estate Investment Fund launched

Lead manager for one of the largest IPOs.

Al Mal among the cornerstone investors on international IPOs (VISA, AIA, ICBC & others)

Cash distribution of 40% to shareholders

Largest subscriber on DFM IPOs (Amanat AED 2.7 Bn; Emaar Malls AED 2 Bn)

Dubai Investments PJSC acquires 70% of Al Mal Capital

Rebranding of Al Mal Capital
Launch of Direct Investments

Acquired Education Asset (Sale-&-Leaseback) within Direct Investments platform

Awarded ‘Best UAE Asset Manager’ by MENA Fund Manager Performance Awards

Launched AZ Al Mal MENA Equity Fund in partnership with Azimut

Obtained license from SCA for Al Mal Capital REIT (“AMCREIT”). IPO completed in Q4 2020

AMCREIT becomes the first REIT to be listed on DFM
AMCREIT acquires two educational assets for AED 300 mn

Advised Dubai Investments in divesting 50% stake in EMICOOL

AMCREIT acquires two additional educational assets for AED 265 mn

Concluded rights issue of AMCREIT by AED 180 mn.
Acquisition of Carnation Education LLC by AMCREIT

Concluded follow-on public offer of AMCREIT by AED 220 mn
AMCREIT acquires healthcare assets of NMC Royal Hospital in DIP
AMREF successfully concluding the sale transaction of Mazaya asset