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 UAE Central Bank and 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
Mr. Abdulaziz Al Serkal serves as the General Manager at Dubai Investments PJSC. He manages all the industrial and overseas investments for DI. He previously served as the CEO and MD at M'Sharie LLC where he helped grow...
H.E. Ahmad Al Darmaki
Board Member
H.E. Ahmed Al Darmaki is the Managing Director of H.H. Sheikh Diab Bin Zayed Al Nahyan’s office and Vice-Chairman of Associated Construction and Trading Group. H.E. Mr. Darmaki has managed and directed ADWEA business through...
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
Managing Director Al Mal Capital
Sanjay is the Managing Director for Direct Investments & Corporate Advisory Services at Al Mal Capital PSC since December 2016 .A senior economics / finance professional with over 35 years of Middle East / international leadership...
Mr. Yazan Masri
Executive Director Al Mal Capital
Yazan is the Head of Direct Investments at Al Mal Capital PSC since Feb 2020, and has over 17 years of professional experience in global real estate private equity, strategy & investments, and corporate finance...
Mr. Roshan Shah
Executive Director Al Mal Capital
Roshan is the Head of the Corporate Advisory team at Al Mal Capital PSC and joined Al Mal Capital in March 2017 and is responsible for the Debt and Equity advisory vertical services...
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...
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