Eshraq Investments’ strategic acquisition of Goldilocks Fund
Greater asset diversificationIncreased liquidityEnhanced value creation for shareholders
Eshraq’s valuation represents a 37.8% premium to market price prior to announcement
Eshraq Investments – At a glance
An investment company listed on the ADX with a strong real estate and financial investments portfolio.
Dividend Income:
AED 12mn
Total Assets: AED 1.69bn
Profit: AED 38mn
Performance of Eshraq investments in 2021
A win-win transaction
Geographic focus: UAE
listed since 2011
A Complementary Transaction
The transaction will be a cashless share exchange in which Goldilocks Fund investors receive shares in Eshraq Investments in exchange for the transfer of their units in Goldilocks.
Transaction benefits to shareholders
A higher valuation post transaction, expected to occur at a
premium to Eshraq’s underlying share priceAccess to blue chip growth companiesAccess to greater liquidity and diversificationServes as an inflation hedge, as the portfolio of underlying companies is focused on real assets
Dividend income as part of the diversified assets within the
Goldilocks portfolio.
Other cost optimization benefits
Goldilocks Fund – At a glance
An ADGM- domiciled investment fund
Managed by SHUAA GMC Limited, a subsidiary of SHUAA Capital psc.
Attachments
Disclaimer
Eshraq Properties Co. PJSC published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 07:43:03 UTC.