08 Apr, 2014Trading begins in Emirates REIT following 175 million dollar IPO on Nasdaq Dubai

· First listing in GCC by a Real EstateInvestment Trust (REIT)

Tradingbegan in Emirates REIT today on Nasdaq Dubai following its initial publicoffering (IPO), in the first listing of a Real Estate Investment Trust (REIT)on an exchange in the GCC.

EmiratesREIT raised 175 million dollars in its IPO and was 3.5 times oversubscribed.

AbdulWahed Al Fahim, Chairman of Nasdaq Dubai, said: Through Emirates REIT, investorsnow have access to a new type of attractive asset class for the first time inthe region. The listing demonstrates Dubai 's ability to provide an efficientplatform for capital-raising for a wide variety of issuers seeking globalvisibility and first class regulation.

HamedAli, Chief Executive of Nasdaq Dubai, said: As Dubai 's economy maintainsstrong growth, the exchange is preparing for expansion with new listings ofequities as well as innovative alternative asset classes. Through its close linksto investors around the world, Nasdaq Dubai offers issuers all the advantagesof an international exchange from a base in the business and financial hub ofthe region.

EmiratesREIT invests in Sharia’a-compliant real estate assets.

REITsare a type of property fund. Investors receive income from the properties inwhich the REIT invests, through dividends.

EmiratesREIT is incorporated in the Dubai International Financial Centre (DIFC), whereNASDAQ Dubai is located.