Business
Rephrase the title:DFM-listed Al Mal Capital REIT completes rights issue – and ready to pick up more schools

Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.: Dubai: The Dubai real estate fund’s operator Al Mal Capital has its priorities on where those investments should be going. 
More school buildings? Yes. 
Colleges? Maybe. 
Offices? Definitely not. 
That hyper-focus has come in handy as Al Mal Capital REIT – listed on DFM – has built a portfolio valued at Dh580 million and with a principal focus on education-linked assets. That’s the way Sanjay Vig, Managing Director at Al Mal Capital wants to keep things. 
“As far as my REIT (real estate is concerned, I intend to focus only on education, healthcare and long term industrials,” said Vig. “Purely because the intent of the REIT is to specialize on ‘recession-resistant’ sectors. These are single-let, reduced asset management activity, triple-net leases. And the biggest core is that I know what I’m going to get even in 2032 – the rental is defined for the next 20 years, 25 years.
“So, we know what investors will make…”
Rights issue and a Dh750m capital 
That kind of assuredness is winning Al Mal Capital REIT – which listed on DFM early 2021 – its investors. The fund completed a rights issue last week, adding 400 million units at Dh1.1 a share. This raised the capital base to Dh750 million, a near 114 per cent hike. (In addition, there was a further Dh40 million via issue premium.) 
More asset building in the seven emirates – especially with schools – is the plan. But there will not be any offices. 
“As far as office real estate is concerned, purely because there’s a lot of competition and volatility,” said Vig. “As an asset manager, it’s difficult for us to be assuring investors what they would be making when I don’t know what my rental (from offices) will be even as near as next year.”
“But commercial could also imply logistics and warehousing, and we are happy to do that where the tenancy is more long-term.”
The fund has already identified the assets where the proceeds from the rights issue will go into. This includes two additional properties in Dubai. 
“These are the schools that have never lost a student to another in decades, and then you have the ones that are coming up because of the latent demand in this market,” said Vig. “Any new school that opens in the UAE will have long waiting lists. So, if we are making schools an asset priority, there is every reason for us to do it.” 
Opening up to foreign investors 
As of now, the REIT is open only to UAE and Gulf investors as well as listed local companies – but that could change and ‘we will open this REIT to a certain extent to foreigners also’. More school buildings? Yes. 
Colleges? Maybe. 
Offices? Definitely not. 
That hyper-focus has come in handy as Al Mal Capital REIT – listed on DFM – has built a portfolio valued at Dh580 million and with a principal focus on education-linked assets. That’s the way Sanjay Vig, Managing Director at Al Mal Capital wants to keep things. 
“As far as my REIT (real estate is concerned, I intend to focus only on education, healthcare and long term industrials,” said Vig. “Purely because the intent of the REIT is to specialize on ‘recession-resistant’ sectors. These are single-let, reduced asset management activity, triple-net leases. And the biggest core is that I know what I’m going to get even in 2032 – the rental is defined for the next 20 years, 25 years.
“So, we know what investors will make…”
Rights issue and a Dh750m capital 
That kind of assuredness is winning Al Mal Capital REIT – which listed on DFM early 2021 – its investors. The fund completed a rights issue last week, adding 400 million units at Dh1.1 a share. This raised the capital base to Dh750 million, a near 114 per cent hike. (In addition, there was a further Dh40 million via issue premium.) 
More asset building in the seven emirates – especially with schools – is the plan. But there will not be any offices. 
“As far as office real estate is concerned, purely because there’s a lot of competition and volatility,” said Vig. “As an asset manager, it’s difficult for us to be assuring investors what they would be making when I don’t know what my rental (from offices) will be even as near as next year.”
“But commercial could also imply logistics and warehousing, and we are happy to do that where the tenancy is more long-term.”
The fund has already identified the assets where the proceeds from the rights issue will go into. This includes two additional properties in Dubai. 
“These are the schools that have never lost a student to another in decades, and then you have the ones that are coming up because of the latent demand in this market,” said Vig. “Any new school that opens in the UAE will have long waiting lists. So, if we are making schools an asset priority, there is every reason for us to do it.” 
Opening up to foreign investors 
As of now, the REIT is open only to UAE and Gulf investors as well as listed local companies – but that could change and ‘we will open this REIT to a certain extent to foreigners also’. Colleges? Maybe. 
Offices? Definitely not. 
That hyper-focus has come in handy as Al Mal Capital REIT – listed on DFM – has built a portfolio valued at Dh580 million and with a principal focus on education-linked assets. That’s the way Sanjay Vig, Managing Director at Al Mal Capital wants to keep things. 
“As far as my REIT (real estate is concerned, I intend to focus only on education, healthcare and long term industrials,” said Vig. “Purely because the intent of the REIT is to specialize on ‘recession-resistant’ sectors. These are single-let, reduced asset management activity, triple-net leases. And the biggest core is that I know what I’m going to get even in 2032 – the rental is defined for the next 20 years, 25 years.
“So, we know what investors will make…”
Rights issue and a Dh750m capital 
That kind of assuredness is winning Al Mal Capital REIT – which listed on DFM early 2021 – its investors. The fund completed a rights issue last week, adding 400 million units at Dh1.1 a share. This raised the capital base to Dh750 million, a near 114 per cent hike. (In addition, there was a further Dh40 million via issue premium.) 
More asset building in the seven emirates – especially with schools – is the plan. But there will not be any offices. 
“As far as office real estate is concerned, purely because there’s a lot of competition and volatility,” said Vig. “As an asset manager, it’s difficult for us to be assuring investors what they would be making when I don’t know what my rental (from offices) will be even as near as next year.”
“But commercial could also imply logistics and warehousing, and we are happy to do that where the tenancy is more long-term.”
The fund has already identified the assets where the proceeds from the rights issue will go into. This includes two additional properties in Dubai. 
“These are the schools that have never lost a student to another in decades, and then you have the ones that are coming up because of the latent demand in this market,” said Vig. “Any new school that opens in the UAE will have long waiting lists. So, if we are making schools an asset priority, there is every reason for us to do it.” 
Opening up to foreign investors 
As of now, the REIT is open only to UAE and Gulf investors as well as listed local companies – but that could change and ‘we will open this REIT to a certain extent to foreigners also’. Offices? Definitely not. 
That hyper-focus has come in handy as Al Mal Capital REIT – listed on DFM – has built a portfolio valued at Dh580 million and with a principal focus on education-linked assets. That’s the way Sanjay Vig,…