Update regarding announcement dated 30th May 2021
Update regarding announcement dated 30th May 2021: "ENBD REIT announces that it is considering the strategic disposal of a real estate asset"
ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced an update regarding its previous announcement, dated 30th May 2021, that it is considering the strategic disposal of a real estate asset that accounts for more than 5% of its Net Asset Value (“NAV”). ENBD REIT’s management is negotiating the final terms and considering the final documentation prior to transfer. It is expected that definitive documents will be agreed within July 2021 (previously expected June 2021). Further details of the transaction, including the proposed use of proceeds resulting from this proposed disposal, will be announced to the market following completion of the transaction.