A photo taken on January 6, 2020 shows the Dubai Financial Market in the Gulf emirate as Gulf bourses were hit by a panicky sell-off amid Iranian vows of retaliation over the US killing of a top general. - All seven bourses in the Gulf Cooperation Council (GCC) states closed in the red, on the first trading day since the death of powerful military commander Qasem Soleimani. (Photo by Karim SAHIB / AFP)
Al Mal Capital’s Real Estate Investment Trust (REIT) which successfully completed its Initial Public Offering (IPO) last year has been officially listed on the Dubai Financial Market (DFM). This is a significant milestone since it provides the investors with new products and investment opportunities by reinforcing the bourse’s diversification strategy, assures Essa Kazim, Chairman of DFM. “REIT’s global presence reflects the magnitude, quality and expansion of real estate sector in Dubai and will encourage more number of listings of REITs”, he elaborated.
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