Dubai Investments unveils plans to launch Funds

Press release

Published June 5th, 2016 - 09:14 GMT

Dubai Investments

Dubai Investments PJSC has announced plans to launch two Funds in partnership with Al Mal Capital.

Khalid Bin Kalban, Managing Director and Chief Executive Officer of Dubai Investments, said that the Funds would target the healthcare and education sectors and would be sized around AED 1 billion each.

“The first Fund which is likely to be launched sometime in October will focus on acquisition of real estate assets in the healthcare sector. The second Fund is expected to be launched six months later and will target assets in the education sector. The Funds will be structured to provide cash yield of around 8% p.a. with attractive IRRs on exit,” said Kalban.

Dubai Investments will support these Funds with seed capital of up to 10%, he added.

Background Information

Dubai Investments

Dubai Investments PJSC is a leading public joint stock company listed on the Dubai Financial Market with over 16,771 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the Company has grown exponentially with investments in a number of businesses across a number of sectors, ranging from real estate, processing industries, mergers and acquisitions, healthcare, education to financial investments in the UAE and the Middle East. Dubai Investments continues to create positive economic impact and long-term value for its stakeholders by investing in sustainable, growth sectors in markets across the globe.