Al Mal Capital REIT, the first real estate investment trust listed on the Dubai Financial Market, has announced plans to raise up to $200 million through a follow-on public offering (FPO) as it looks to expand its portfolio of income-generating properties. The offering will be open to both existing unitholders and new investors from the UAE and wider GCC region, with proceeds earmarked for acquiring assets in high-growth sectors such as healthcare, education, and industrial facilities. The capital increase is expected to boost the fund’s size significantly, with trading of new units likely to commence in August, pending regulatory approval.