About Fund Manager
Al Mal Capital PSC

Founded in 2005, Al Mal Capital PSC is a diversified financial services company and a subsidiary of Dubai Investments PJSC. It is licensed by the Securities and Commodities Authority (SCA). Its current asset under management is around AED 1.6 billion.

Al Mal Capital PSC - A financial services provider of choice – four business lines:

  • Direct Investments: Investment and portfolio management, and acquisition of income generating real estate to create secure income stream and long-term capital value
board of directors
 
Mr. Khalid Jassim Kalban
Chairman
Mr. Khalid Bin Kalban is one of the most well-known businessmen in the UAE, thanks to his broad experience in different fields varying from industrial, financial and investment sectors. He has played a key...
Mr. Naser Nabulsi
Vice-Chairman & CEO
Mr. Naser Nabulsi is currently the Vice-Chairman of Al Mal Capital PSC. From 1989 until 2000, he worked with Merrill Lynch International as a top performer internationally, holding the position of First Vice President...
Mr. Abdulaziz Al Serkal
Board Member
Abdulaziz Bin Yagub Al Serkal is the CEO of Industrial Platform at Dubai Investments, consisting of a portfolio of subsidiaries which offer a comprehensive range of products and services in the construction sector...
Mr. Mohammed Saeed Alraqbani
Board Member
Mohammed Saeed Al Raqbani is the General Manager of Dubai Investments Industries and Masharie, a subsidiary of Dubai Investments PJSC. With over 28 years of experience...
Mr. Ali Fardan Al Fardan
Board Member
Mr. Ali Fardan Al Fardan is an independent & non-executive Director on the Board of Dubai Investment for the last 14 years. He is also member of two of the Board Committees, i.e. Audit Committee and Nomination and Remuneration Committee...
Mr. Mohamed Saif Darwish Ahmed Al Ketbi
Board Member
Mr. Mohammad Saif Darwish Ahmed Al Ketbi is an independent & non-executive Director on the Board of Dubai Investments PJSC. He is also member of two Board Committees, i.e. Audit Committee, and Nomination and Remuneration Committee...
Mr. Mushtaq Masood
Board Member
Mr. Mushtaq Masood has been with Dubai Investments PJSC since 2008, currently holding the Group CFO position. From 1999 to 2007, Mushtaq was associated with the Cupola Group and later on Abraaj Capital...
management team
 
Mr. Sanjay Vig
Deputy CEO
Sanjay is the Deputy CEO and has been with Al Mal Capital PSC since December 2016 .A senior economics / finance professional with over 35 years of Middle East / international leadership...
Mr. Roshan Shah
Senior Executive Director Al Mal Capital
Roshan is the Senior Executive Director of Corporate Advisory Services & Direct Investments at Al Mal Capital PSC. He joined Al Mal Capital in March 2017.
Mr. Saif Al Serkal
Head- Business Development Al Mal Capital
Saif is the Head for the Business Development. He joined Al Mal Capital PSC in September 2017. He started his career in PwC – Corporate Advisory and M&A team in Dubai...
Arjun Venkataraman
Director Al Mal Capital
Arjun is a member of the Direct Investments and Corporate Advisory teams at Al Mal Capital PSC since April 2021 and is responsible for origination, placement and execution streams of the businesses
Fatema Alhaj
Vice President Al Mal Capital
Fatema is the Board Secretary of Al Mal Capital PSC and the AMCREIT Investor Relations. She joined Al Mal Capital PSC in August 2020...
Saad Nassif
Vice President Al Mal Capital
Saad is a member of the Direct Investments team at Al Mal Capital since 2018 and is also responsible on liaising with the regulator for the REIT ...
Success stories
 
Asset
Single let Income generating K-12 school (Kent College Dubai)
Location
Dubai, UAE
Leasable Area
560,000 sq. ft. (plot area)
335,000 sq. ft. (built up area)
Entry
2017
Average Cash Yield since entry
c. 8.2% p.a. annualized paid quarterly
Transaction Structure
Acquired 100% and leased back on to the operator
Entry Cap Rate
7.5% (avg. 8% for hold period)
Purchase Price
c. $100m+ (100%)
Return - Multiple on Invested Capital
N/A (not realized)
Asset
Multi-let income generating shopping complex (Poinsettia Plaza)
Location
California, USA
Leasable Area
153,205 sq. ft.
Entry
2016
Average Cash Yield since entry
c. 7.6% p.a. annualized paid quarterly (as of end of 2019)
Transaction Structure
Acquired c. 42%
Entry Cap Rate
5.4%
Purchase Price
c. $54m (100%)
Return - Multiple on Invested Capital
N/A (not realized)
Asset
Income generating multi family complex
Location
Louisiana, USA
Leasable Area
240,588 sq. ft.
Entry
2009
Exit
2015
Transaction Structure
Acquired 57.2%
Return - Multiple on Invested Capital
1.7x (realized)
Asset
Income generating office building (FALCON HOUSE)
Location
DIP, Dubai, UAE
Leasable Area
72,771 sq. ft.
Entry
2006
Exit
2017
Return - Multiple on Invested Capital
1.3x (realized)
Asset
Income generating showrooms and offices (Indigo)
Location
Sheikh Zayed Road, Dubai, UAE
Leasable Area
28,003 sq. ft.
Entry
2007
Exit
2014
Return - Multiple on Invested Capital
1.25x (realized)

For more information, please visit: www.almalcapital.com