مدير الاستثمارات المباشرة لـ MENA بشركة المال كابيتال لـ CNBC عربية: نتوقع الانتهاء من شراء مدرسة جديدة بدبي خلال الـ 60 يوماً القادمة

Transcript

00:00 We completed the exercise of capital on Friday and raised 185 million dirhams,

00:07 which will raise the total capital to almost 514 million dirhams.

00:11 This will allow us to move towards a fund of 1 billion dirhams.

00:19 After the increase in capital, what is the company's strategy in the near future

00:25 in terms of expansion and perhaps implementing future acquisitions?

00:29 As far as the REIT is concerned, the REIT Capital fund is currently investing only in education and health care.

00:35 We will invest in the future in long-term industries.

00:38 Our plan is to invest in long-term and sustainable rental contracts

00:42 during the next 15 to 20 years.

00:45 The fund currently has four schools.

00:48 We will probably use the last surplus to buy a school and a hospital,

00:52 then we will gradually enter the industrial sector.

00:59 You mentioned your plans to buy two schools, but what about the time to complete the acquisition process?

01:05 We will probably end up buying a new school in the next 60 days,

01:11 or the hospital will be in a later time this year.

01:14 Our school libraries are distributed between two schools in Ajman and the same in Sharjah.

01:19 The new school we are looking to buy will be in Dubai.

01:23 How is the capital situation in the capital?

01:26 What is the total amount of the capital in the current time?

01:30 Are you looking forward to increasing it in the future?

01:32 According to the law, the REIT fund is allowed to borrow up to 50% of the capital.

01:40 Today, our balance is about 42%.

01:43 At this stage, the total amount of loans is about 242 million dirhams.

01:48 With the new increase, we are likely to reach 470 million dirhams.

01:53 As for the capital, we currently have about 40 million dirhams in the balance,

01:58 along with the new increase in the capital,

02:00 and we are looking forward to another increase in the capital.

02:03 We are looking forward to 400 million dirhams, but again, long-term debt that we raise.

02:08 What is the expected growth of the company in the current year?

02:18 As far as the recent capital increase, we are thinking of reaching between 1.5 and 1.8 billion dirhams by the end of the year.

02:29 So yes, we will look at another capital increase, perhaps in the last quarter of the current year.

02:34 After the expected increase, we will look at the savings in health care,

02:38 and to be more accurate, we will look at buying a hospital.

02:41 With these changes, will the company stick to changing the policy of distribution of funds in the next period,

02:48 or will the same policy be maintained?

02:52 We expect 7% of the capital in 2024, as in the previous year,

02:58 and we may raise the distribution if the interest rates come down.

03:02 down I expect the dividends to actually over a period of time increase.