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| 11 December, 2017

Abu Dhabi Financial Group aims to raise $200mln in Etihad REIT listing

Etihad REIT, a sharia-compliant real estate investment trust, will be listed in either Abu Dhabi or Dubai

UAE dirhams. Image used for illustrative purpose.

UAE dirhams. Image used for illustrative purpose.

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ABU DHABI  - Abu Dhabi Financial Group (ADFG), a privately owned investment company which has $6.5 billion of assets under management, expects to raise $200 million from the stock market listing of Etihad REIT next year, its chief executive said on Monday.

Etihad REIT, a sharia-compliant real estate investment trust, will be listed in either Abu Dhabi or Dubai, Jassim al-Seddiqi told Reuters at a conference in Abu Dhabi.

Shuaa Capital SHUA.DU is advising on the listing, he said.

(Reporting by Stanley Carvalho, writing by Alexander Cornwell; Editing by Andrew Torchia) ((Stanley.Carvalho@thomsonreuters.com;))