Typically derived from income from investment properties, usually in the form of rent, with the additional opportunity for capital appreciation and increases in the value of the equity.
The Fund Manager, Emirates NBD Asset Management, is one of the leading asset managers in the GCC region with approximately US$ 6.1 billion assets under management as at 31st December 2021. It is a wholly owned subsidiary of Emirates NBD Bank PJSC, is based in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA). The Fund Manager provides a wide range of investment solutions, from in-house managed funds to tailor-made discretionary solutions. It manages funds across a variety of asset classes, including MENA equity and global fixed income, global risk profiled solutions, real estate, and a wide range of Shari'a compliant instruments, structured to cater for diverse risk appetites.
ENBD REIT places significant emphasis on high quality research and a strong collaborative ethos, striving to anticipate trends before they happen. The Fund Manager believes that it applies disciplined risk management and is committed to a culture of excellence.
* Loan-to-value on GAV
** NAV stated cum-dividend
As at 30 June 2024
| Name | Title |
| Dr. Mohamed Ali Elgari | Chairman |
| Dr. Mohd Daud Bakar | Executive Member |
| Dr. Muhammad Amin Ali Qattan | - |
| Dr. Osama Al Dereai | - |
The Fund Manager provides a range of investment solutions, including in house managed funds and tailor made discretionary solutions, offering exposure to regional MENA markets as well as global markets, covering the main asset classes, structured on either a Shari'a compliant or a conventional basis.
Emirates NBD Asset Management is based in the DIFC and regulated by the DFSA as a Category II Firm, with the additional ability to operate an 'Islamic Window'. The funds managed by Emirates NBD Asset Management Limited are domiciled in the following jurisdictions: DIFC (regulated by DFSA); Jersey (regulated by the Jersey Financial Services Commission); and Luxembourg (regulated by the Commission de Surveillance du Secteur Financier).
In the DIFC, REITs are a category of "Property Funds", as defined in the DFSA's Collective Investment Rules. A DFSA regulated REIT is a fund that invests primarily in income-generating real estate and distributes to its shareholders at least 80% of its audited annual net income.
The objective of a REIT is to generate a regular dividend income stream for investors typically derived from income from investment properties, usually in the form of rent, with the additional opportunity for capital appreciation of the underlying assets and increases in the value of the equity.
REITs are typically managed by an external executive management team which identifies the properties to acquire, sell or hold and manages the assets of the REIT. This management team then manages the properties, often through the use of third party property managers, with the aim of maximising the potential returns in line with the REIT's strategy. Some REITs may also develop and redevelop properties from time to time.
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ENBD REIT is listed on Nasdaq Dubai, under ticker symbol ENBDREIT. For more information, contact Investor Relations, Emirates NBD Securities, or your preferred broker.
Emirates NBD Asset Management Limited has been appointed as the Fund Manager of ENBD REIT. Emirates NBD Asset Management is established in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority as a Category II Firm and is the wholly owned asset management business of Emirates NBD Bank, one of the largest banks by assets in the MENA region. Emirates NBD Asset Management provides a full range of investment solutions, from in-house managed public funds to tailor-made discretionary solutions. It manages funds across asset classes, including MENA equity and global fixed income funds, global risk profiled funds, UAE real estate, and a complete range of Shari'a compliant instruments, structured to cater for diverse risk appetites.
The funds managed by Emirates NBD Asset Management are domiciled in either Jersey (regulated by the Jersey Financial Services Commission), Luxembourg (regulated by the Commission de Surveillance du Secteur Financier) and in Cayman Islands (regulated by the Cayman Islands Monetary Authority). For further details, please click here
Emirates NBD Asset Management offer the following products and solutions:
Emirates NBD Asset Management manages a range of Jersey, Luxembourg and Cayman based funds across a broad range of asset classes and geographies, including traditional cash management, equity, fixed income, real estate and alternative strategies, with both conventional and Shari'a compliant options available.
All transactions are approved by ENBD REIT’s Investment Committee, the members of which are 100% independent of Emirates NBD. Therefore, any transactions concluded between Emirates NBD and ENBD REIT will be considered entirely on the merits of the particular transaction and at arm’s length. Furthermore, as part of the due diligence process for transactions, an independent third party valuation is required to confirm the price is at market value. DFSA regulations require shareholders’ approval if the related party transaction is more than 5% of the REIT.
Additionally, any transaction agreed between ENBD REIT and Emirates NBD would be deemed a related party transaction under the DFSA regulations, therefore would also require approval from the Oversight Committee which comprises three independent members.
