ENBD REIT's IPO on Nasdaq Dubai
ENBD REIT carried out an initial public offering (IPO) of its shares on Nasdaq Dubai on March 23, 2017.
See details here
ENBD REIT (CEIC) Limited (“ENBD REIT”) is a Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the “Fund Manager”). ENBD REIT is a closed-ended investment company that was incorporated by the Fund Manager to invest in a diversified portfolio of Shari’a-compliant real estate assets primarily in the UAE. ENBD REIT has an unlimited duration and was established in the DIFC by the Fund Manager on 18 July 2016 under the Companies Law with the name “Emirates Real Estate Fund Limited” and with registration number 2209. The Fund subsequently changed its name to “ENBD REIT (CEIC) Limited”. ENBD REIT is categorised under DFSA law and regulations as a Public Fund, a Domestic Fund, an Islamic Fund, a Property Fund and a Real Estate Investment Trust (REIT). ENBD REIT has been established with the main investment objective of generating income returns and capital appreciation from real estate assets. ENBD REIT plans to achieve its objectives through the following strategies: (i) prudent acquisitions with a focus on achieving diversification; and (ii) active asset management and enhancement.
Source : ENBD Reit
For more information, visit: http://www.enbdreit.com/
For further questions related to the listing, please contact:
Emirates NBD Asset Management
Julia Ward-Osseiran, Investor Relations
+971 (0) 4 509 3016
Jean Kenny Labutte
Apex Fund Services (Dubai) Ltd.
+971 (0) 4 428 9221 / +971 (0) 55 662 8078
Emirates NBD Capital Limited
Joint Global Coordinator,
Joint Bookrunner and Listing Advisor
Prasad Chari, Director
+971 (0) 4 3032800
EFG-Hermes UAE Limited
Joint Global Coordinator & Joint Bookrunner
Mohamed Fahmi, Managing Director
+971 (0) 4 363 4000
SHUAA Capital PSC
Rania Fathallah, Managing Director
+971 (0) 4 330 3600
Instinctif Partners (Public Relations)
Samantha Bartel Al Khalaf, Managing Partner
+971 (0) 50 656 8851
Ibrahim Mougharbel, Regional Senior Consultant
+971 (0) 50 886 0767
George Allen, Consultant
+971 (0) 56 609 6749
Publication of this intention to list should not be taken as an endorsement by Nasdaq Dubai of the company. Details of the listing are expected to be announced in the near future, subject to approval of the prospectus by the Dubai Financial Services Authority and market conditions. Read the full Nasdaq Dubai disclaimer.