Al-Nabulsi, CEO and Vice Chairman of Al-Mal Capital’s Board of Directors, announced the company’s plans to expand its real estate investments through its fund “Al-Mal Capital REIT”. The focus of these investments will be on the education and health sectors. Following the successful acquisition of real estate assets from a British school in Dubai valued at 410 million dirhams, the company is looking to acquire a new school and hospital in the coming days. This expansion will bring the total number of portfolio assets to 6 schools and a hospital, with a combined value exceeding one billion dirhams.
Al-Nabulsi emphasized that the company’s strategy is solely focused on the education and health sectors, which have shown sustainable growth and a low risk margin. The real estate fund has demonstrated stable growth over the years, with an annual growth rate of 10% and a guaranteed return of 7% to shareholders and investors.
In light of recent successes in the local financial markets, particularly in terms of public offerings, Al-Nabulsi highlighted the need for a re-evaluation period. He noted the success of privatizing companies and offering them for public subscription on the Dubai Financial Market and Abu Dhabi Securities Market, reflecting the attractiveness of the UAE’s investment environment across various sectors.
Addressing corporate profits tax, Al-Nabulsi viewed it as a positive step for developing countries, asserting that it would be gradually adapted over time. He also commended Dubai’s continued growth amid declining inflation rates and effective management of COVID-19 pandemic, which has instilled confidence across various fields.
