Equitativa Limited, manager of Emirates REIT, announced that it has successfully refinanced Emirates REIT’s existing AED 184 million Islamic Financing Facility with Ajman Bank PJSC, with the new facility offering a more competitive profit rate and favourable terms and conditions over a ten-year tenor.
Following this refinancing, the REIT continues to advance its prudent financial strategy, benefiting from improved financing conditions that underpin the strength of its capital structure and create a more favourable platform for long-term performance.
Thierry Delvaux, CEO of Equitativa, commented: “This refinancing marks another positive step towards strengthening Emirates REIT’s capital structure and reflects the confidence that long-term partners such as Ajman Bank have in our strategy and our portfolio. The refinanced facility will contribute to our efforts to optimise our financing costs, positioning the REIT for continued growth and long-term value creation for our investors.”
