This issue is filled with great insights and expert commentary on areas that are relevant to the legal landscape and highlight how the business community is embracing technology, media and telecommunications. There are various topics covered, from new ways of working and digital transformation in the finance sector to data protection regulatory updates and guidance. We also have a series of articles that focus on e-commerce across a number of jurisdictions.
You will also find insights from our lawyers around real estate analytics, tech trends, and data centres.
We hope this edition of Law Update provides some useful food for thought – enjoy the read!Take a read of the edition
Al Tamimi & Company advised Al Mal Capital on the establishment of the Al Mal Capital REIT, which recently gained approval from the Securities and Commodities Authority (SCA) to float on the Dubai Financial Market (DFM). This IPO is a first of its kind in the UAE for the financial sector being the first REIT listed with an onshore exchange. With a target offer size of AED 500m, it will also be the first IPO in Dubai since 2017.
Leading investment advisory and asset management company, Al Mal Capital, will be seeking to invest in a diversified portfolio of income-generating UAE real estate assets backed by long-term lease agreements predominantly in the industrial, healthcare and education sectors. In a difficult market, this deal represents the second IPO announced by the Al Tamimi team in a month after the successful IPO of UAE tech company, Yalla Group Limited.
Al Tamimi’s Deputy Managing Partner & Regional Head of Banking & Finance, Jody Waugh, commented: “We are delighted to support and act as an integral part of the Al Mal Capital team and excited to see the DFM as the choice for the first onshore listed REIT. The recent drop in real estate assets has created an opportunity for new investors and new business creation – it’s great to see a leader like Al Mal Capital take advantage of this and support the UAE’s future development.”