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Wednesday, 12 April 2017

Abu Dhabi Financial Group launches Etihad REIT | GulfNews.com

Abu Dhabi Financial Group launches Etihad REIT | GulfNews.com:

"Abu Dhabi Financial Group (ADFG) said on Wednesday it is launching Etihad REIT, a Sharia-compliant real estate investment trust. The REIT comprises a seed portfolio of 10 income producing assets situated in the UAE.
Etihad REIT expects to raise further capital through an initial public offering (IPO) on a stock exchange in the UAE at an appropriate time and subject to regulatory approvals, the ADFG said an emailed statement.
Etihad REIT is the most diversified REIT in the UAE, with holdings in a variety of real estate sub-sectors including residential, retail, warehousing and staff accommodation.
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