Rasmala Tag

Ajman Bank, in collaboration with Rasmala Investment Bank Limited (‘Rasmala’), a leading alternative investment manager, has announced the launch of Makaseb Real Estate Investments SPV Limited, domiciled in the Abu Dhabi Global Market (“ADGM”). The first transaction under the new entity has resulted in the acquisition of an outstanding income yielding portfolio of UAE logistic and residential assets for a net purchase price of AED 327 million (USD 90 million). These assets have a combined built-up area of nearly 700,000 sq.ft...