ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced an update regarding its previous announcement dated 30th May 2021 (and subsequent announcement dated 30th June 2021), that it is considering the strategic disposal of a real estate asset that accounts for more than 5% of its Net Asset Value (“NAV”).
ENBD REIT’s management is working closely with the prospective buyer in respect to final terms and documentation prior to transfer. Definitive documents will be agreed in due course. Further details of the transaction, including the proposed use of proceeds resulting from this proposed disposal, will be announced to the market following completion of the transaction.
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