UAE: Fresh from the AED500 million (US$136.15 million) acquisition at the end of 2024 of Manrre REIT, a Dubai-based fund with assets across the UAE and the GCC region, new owner GFH Partners registered a fresh private offering with the UAE Securities and Commodities Authority. While the latest offering details were not immediately available, GFH had earlier announced the conversion of the REIT into a Shariah Compliant investment vehicle – with plans to conduct further acquisitions and projects across the UAE and Saudi Arabia regions.
Restricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
