Dubai, United Arab Emirates, 9th January 2019: Following its previous announcement dated 20th November 2018 (“ENBD REIT Announces H1 NAV of USD 1.12 per share”), ENBD REIT (CEIC) PLC ("ENBD REIT" or the "REIT"), the Nasdaq Dubai-listed Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced an update regarding the scheduling of its proposed interim dividend distribution and its intended share buyback programme.
In compliance with the new DIFC Companies Law which came into effect in November 2018 and following shareholder approval at the General Meeting held on 27th November 2018, ENBD REIT is in the process of completing the additional formalities relating to the Reduction of Share Capital with the Dubai International Financial Centre (“DIFC”) Courts and the DIFC Companies Registry. Once the Reduction of Share Capital is approved by the relevant parties, ENBD REIT will announce the proposed interim dividend distribution dates and the commencement date for the share buyback programme. The proposed interim dividend for the period ended 30th September 2018 is USD 0.0270 per share and remains subject to completion of the above formalities.
