ADFG aims to raise $200m on Etihad REIT listing

Abu Dhabi: The Abu Dhabi Financial Group (ADFG), a privately owned investment company which has $6.5 billion (Dh23.87 billion) of assets under management, expects to raise $200 million from the stock market listing of Etihad REIT next year, its chief executive said on Monday.

Etihad REIT, a Sharia-compliant real estate investment trust, will be listed in either Abu Dhabi or Dubai, Jasem Al Seddiqi told Reuters at a conference in Abu Dhabi.

Shuaa Capital is advising on the listing, he said.