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EDUCATION, HEALTH INVESTMENTS

Kalban ... funds to yield 8pc returns.

Dubai Investments to launch 2 funds worth $544m

DUBAI, June 5, 2016

Dubai Investments, a leading investment company listed on the Dubai Financial Market, has announced plans to launch two funds totalling Dh 2 billion ($544 million) in partnership with Al Mal Capital.

Khalid Bin Kalban, managing director and chief executive officer of Dubai Investments, said that the funds would target the healthcare and education sectors and would be sized around Dh1 billion ($272 million) each.

“The first fund which is likely to be launched sometime in October will focus on acquisition of real estate assets in the healthcare sector. The second fund is expected to be launched six months later and will target assets in the education sector. The funds will be structured to provide cash yield of around 8 per cent per year with attractive IRRs on exit,” said Kalban.

Dubai Investments will support these funds with seed capital of up to 10 per cent, he added. - TradeArabia News Service




Tags: Dubai | investments | Kalban | Al Mal Capital |

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