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Al Mal launches real estate fund
DUBAI — Al Mal Capital yesterday announced the introduction of the Al Mal Real Estate Fund.
The fund will be a closed-end vehicle, targeting investment in UAE and regional real estate, with a flexible mandate to look across sectors for value-oriented opportunities over a five year time frame. The fund will be capped at a committed size of Dh200 million, with funds to be drawn from investors over the first 12 to 18 months.
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