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Peninsula is delighted to announce that it has been granted an In-Principle Approval (IPA) by the ...
Apr 22
Peninsula is delighted to announce that it has been granted an In-Principle Approval (IPA) by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) @adglobalmarket .
Subject to final regulatory approval from the FSRA, Peninsula will become the first internally managed Real Estate Investment Trust (REIT) to establish in the ADGM or in the wider GCC market. Internally managed REITs are the preferred REIT structure for investors globally.
Strategic investors in Peninsula include Yas Holding, BHM Capital and HT Investments. Peninsula has been working closely with the Abu Dhabi Investment Office (ADIO) since 2021, which has helped expand the company’s investment and research capabilities from its headquarters in the UAE capital.
See Full Press Release:
https://www.peninsula-reh.com/press-release/peninsula-receives-in-principle-approval-from-the-adgm-fsra/
Yas Holding LLC today announces a strategic investment in Peninsula Real Estate (Peninsula), a real ...
May 5
Yas Holding LLC today announces a strategic investment in Peninsula Real Estate (Peninsula), a real estate investment company incorporated in the Abu Dhabi Global Market. Peninsula has been part of the Abu Dhabi Investment Office’s Innovation Programme since 2021, which has supported the expansion of the company’s investment and research capabilities from its headquarters in the UAE capital.
Peninsula is an internally managed real estate investment company focused on the office, industrial and logistics sectors. Peninsula seeks to capitalise on the burgeoning commercial real estate market in Abu Dhabi and across the UAE and GCC.
Ms. Low Ping, Group CEO of Yas Holding, said: ‘Our investment in Peninsula is a key addition to our portfolio as Yas Holding look to capitalise on strategic opportunities within the region. The UAE is witnessing a surge in long-term investments supported by confidence in the country’s economy, which is expected to deliver continued growth. Our shared values and ambitions make us confident that Peninsula will be a best-in-class partner to our vision, and we will continue to support them in the long term.’
Asad Hussaini, Board Member of Peninsula, said: ‘With a well-defined strategy and disciplined approach to core markets here in the GCC, Peninsula expects to deliver growth and value creation for our partners. We are extremely honoured to have received Yas Holding’s support and we will be leveraging this opportunity to further our growth plans for a portfolio which is underpinned by a compelling financial profile and attractive yield.’
James Gallon, Executive Director and Chief Executive Officer of Peninsula, said: ‘This partnership is an endorsement of Peninsula’s mission to be the clear choice for investors seeking total shareholder returns via sustainable dividends and growth from commercial real estate in the region. Yas Holding is an ideal long-term partner to complement Peninsula’s mission to invest in key commercial real estate across the GCC.’
Read more on our LinkedIn Page:
Link in our bio
Ramadan Kareem #peninsula #ramadan2023
Happy UAE National Day! #51 #uae #nationalday #uaenationalday #uae #peninsula
Eid Mubarak!
Wishing you and your family a pleasant and happy Eid!
from Peninsula
#eid #eidmubarak #eid2022 #peninsula #teampeninsula
Peninsula sends its deepest condolences to HH Sheikh Mohamed Bin Zayed and his family and to the ...
May 14
Peninsula sends its deepest condolences to HH Sheikh Mohamed Bin Zayed and his family and to the leadership and people of the UAE on the death of HH Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi
Take part in the Home Sentiment Survey for the 2nd Half of 2021 and tell us what you think is going ...
Jan 20
Take part in the Home Sentiment Survey for the 2nd Half of 2021 and tell us what you think is going to happen in the next 12 months.
.
Link:
https://s.surveyplanet.com/uup7wljc
How much income did The National Commercial Bank of Saudi Arabia report for 2020?
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The ...
Nov 17
How much income did The National Commercial Bank of Saudi Arabia report for 2020?
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The National Commercial Bank of Saudi Arabia reported total operating income in 2020 of SAR 21.5 billion, or US$5.7 billion, which included SAR 16.7 billion in net financing income and SAR 2.3 billion in net commissions and fees. After deducting expenses, net income for the year was SAR 11.6 billion, or US$ 3.1 billion. Net income was generated from assets of SAR 599.4 billion, implying a healthy return on assets of 1.9%.
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Revenues were predominantly generated in Saudi Arabia, with around 10% of revenue deriving from operations in Turkey and Bahrain. Retail operations accounted for 44% of net income, corporate banking services 13% of net income, and treasury operations 33% of net income.
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