Press releases, Reports & Disclosures for Dubai Financial Market PJSC
Al Mal Capital PSC, the Fund Manager of Al Mal Capital REIT (AMCREIT), has invited all unitholders to attend the General Assembly meeting on December 13, 2023, at the Dubai Investments PJSC head office. The meeting can be attended in person or remotely. The main agenda includes considering a special resolution to increase the Fund's issued share capital from AED 350,064,000 to a maximum amount of AED 440,000,000 through the issuance of up to 400,000,000 new units at an issue price of 1.0 AED per new unit, with an issue premium of 0.1 AED per new unit. The proposal is subject to obtaining approval from the Securities and Commodity’s Authority. Additionally, subscribers will be charged an issuance fee of 2.5 fils per unit. The Fund Manager will announce the subscription details at least twenty days before the start date, after obtaining approval from unit holders during the General Assembly Meeting.
Nasdaq Dubai has welcomed the Republic of the Philippines' first Sukuk listing, worth USD 1 billion, reinforcing its reputation as a preferred choice for sovereign issuances. The listing boosts Nasdaq Dubai's status as a top global platform for financial listings. The total value of sukuk listed on Nasdaq Dubai now stands at USD 85.11 billion, contributing to Dubai's recognition as one of the world's largest centres for sukuk listings with a total of USD 87.61 billion. This listing also signifies the Philippines' commitment to strengthening ties with the Gulf Cooperation Council and enhancing the Islamic finance market in the country.