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27/03/2018 05:46 AST
Ajman Bank has signed a Memorandum of Understanding (MoU) with GII-REIT, through which the bank will offer the investment in the fund to its customers. GII-REIT is the first real estate investment trust belonging to Gulf Islamic Investments (GII). Hani Sabri, Head of Investment at Ajman Bank, said: "signing of the memorandum of understanding with GII-REIT comes within the framework of Ajman Bank's continuous endeavour to meet the needs of a diverse base of clients, through offering innovative and Sharia-compliant investment opportunities and solutions that are commensurate with the investment objectives of the clients and are in line with their capabilities to withstand the various risks.
Omar Mirza, the CEO GII Islamic REIT, mentioned they are in the process of on-boarding 6 properties in Dubai right now, across residential, commercial and industrial sectors, totalling around $200 million, and have identified a further pipeline of $350 million of high income generating properties in UAE.
So, the $50 million being invested by Ajman Bank, will get deployed immediately in purchasing some of the properties they have short listed. Almost all properties we are investing in, comes with 3 to 5 year head leases, in order to eliminate or minimise vacancy risk for the REIT.
Oman Daily Observer
23/06/2025
The Ajman Department of Land and Real Estate Regulation has signed a MoU with Ajman Bank, marking a new chapter of collaboration aimed at advancing financial integration and enhancing banking service
Trade Arabia
21/04/2025
Ajman Bank has posted a profit before tax of Dh145 million in Q1 2025, reflecting a 24 per cent increase.
The bank reported the net operating income of Dh199 million, up by 2 per cent for Q
Khaleej Times
05/02/2018
Ajman Bank said on Sunday that its board had approved a 3.5 per cent cash dividend.
Ajman Bank reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 20
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.70 | 0.70 (0.17 |
| FAB | 16.90 | 0.06 (0.35 |
| EMIRATESNBD | 25.55 | 0.45 (1.79 |
| ADCB | 15.50 | -0.02 (-0.13 |
| ADIB | 21.96 | 0.34 (1.57 |
27/08/2025
OQ Exploration and Production (OQEP) on Tuesday announced the successful commissioning of the Bisat-C Expansion Facilities in its flagship Block 60 licence. Crude oil officially began flowing to the
Muscat Daily
27/08/2025
AD Ports Group, a global enabler of integrated trade, transport, industry, and logistics solutions, has signed an agreement to develop a digital Single Logistics Trade Window solution for Angola's tr
Trade Arabia
27/08/2025
The DFM-listed dairy company Unikai has removed the 49% ceiling on shareholding allowed to GCC investors. From now on, they are eligible to go all the way up to 100% in Unikai, whose brands have a fa
Gulfnews
27/08/2025
Dubai Investments, a leading investment company listed on the Dubai Financial Market in the UAE, through its wholly owned subsidiary Globalpharma - UAE's leading pharmaceutical manufacturer, has sign
Khaleej Times
26/08/2025
The Port of Salalah, operated and managed by Salalah Port Services Company (SPSC), recorded strong growth in container and cargo volumes during the first half of 2025.
The port's Container
Muscat Daily
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