Emirates REIT sells Indigo 7 for AED 37 million
The sale at a premium to valuation strengthens the REIT's balance sheet and reflects strong demand.
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In short: Emirates REIT achieved record property income of $74 million in 2023, finalized major asset sales, and declared an interim dividend.
The sale at a premium to valuation strengthens the REIT's balance sheet and reflects strong demand.
The sale was for 720 million UAE dirhams, and the proceeds will be used to reduce bank facilities.
The sale price is AED 720 million, pending shareholder approval at an EGM in October 2024.
Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today announced that it has sold ...
Dubai, United Arab Emirates: Equitativa (Dubai) Limited has announced Emirates REIT’s intention to distribute an interim dividend of USD 7.5 million or USD 0.023499 per...
08 April 2014 Emirates REIT (CEIC) Limited Emirates REIT), the first Shari'a-compliant regulated real estate investment trust incorporated in the Dubai International Financial Centre (DIFC...
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