Al Mal Capital
Al Mal Capital PSC is a Dubai-based, CMA-licensed investment management and advisory firm and 83.95% subsidiary of Dubai Investments PJSC, serving institutional and high-net-worth GCC clients through funds, corporate advisory, capital markets, direct investments, and the listed AMC REIT.
- Company typePrivate
- Founded2006
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Al Mal Capital does
Al Mal Capital PSC is a Dubai-based, UAE-regulated investment management and financial advisory firm operating as an 83.95%-owned subsidiary of Dubai Investments PJSC. Founded in 2005/2006 and licensed by the UAE Capital Market Authority, the firm serves institutional and high-net-worth clients across the GCC through five integrated service lines: direct investments (principal investing and asset management in real estate and private companies), corporate finance and advisory, investment management (Al Mal MENA Equity Fund and Al Mal UAE Equity Fund), capital markets, and alternative investments providing access to global VC managers.
The firm also acts as fund manager for Al Mal Capital REIT (AMC REIT), a closed-ended real estate investment trust listed on the Dubai Financial Market that invests in income-generating assets across education, healthcare, and industrial sectors, with seven assets, approximately 16 years WAULT, and a 7.5% annualized return to unitholders. As of latest disclosures, Al Mal Capital manages AED 3.4 billion in AUMs and AED 23.3 billion in total investments. The technology backbone consists of a secure online trading platform using 128-bit SSL encryption that enables retail and institutional clients to transact on DFM and ADX, complemented by a client portal.
Revenue is generated through a mix of recurring AUM-based management fees, REIT management and performance fees, securities trading commissions from the e-trade platform, corporate advisory retainers, and direct investment returns on principal positions. Distribution is primarily enterprise field sales to institutional and HNW clients, supplemented by direct-to-consumer online trading access and the publicly listed REIT for broader UAE and GCC investor participation.
Al Mal Capital firmographics
Firmographics- Name
- Al Mal Capital
- Legal name
- Al Mal Capital PSC
- Website
- https://almalcapital.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Al Mal Capital PSC is a Dubai-based, CMA-licensed investment management and advisory firm and 83.95% subsidiary of Dubai Investments PJSC, serving institutional and high-net-worth GCC clients through funds, corporate advisory, capital markets, direct investments, and the listed AMC REIT.
- Ownership category
- akta.pro rank
Al Mal Capital industry classification
Industry- Product category
- Investment Management
- NAICS
- Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industry
- Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)
Keywords
Where Al Mal Capital is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Al Mal Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Fund Management: Management fees from managing investment funds including Al Mal Capital REIT, Al Mal MENA Equity Fund, and Al Mal UAE Equity Fund. Revenue generated through Assets Under Management (AUM) fees.
- Corporate Finance & Advisory: Advisory services including financial consulting, deal structuring, and strategic advice for corporate transactions.
- Securities Trading Commissions: Fees generated from facilitating securities trading on Dubai Financial Market and Abu Dhabi Securities Market through online trading platform.
- Direct Investments: Returns generated from principal investments in real estate and private companies, including acquisition, asset management, and exit strategies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Online Trading Platform Access |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Al Mal Capital product offering
Product offeringCore offering
Al Mal Capital is a UAE-licensed investment management and advisory firm offering five core services: direct principal investments in real estate and private companies, corporate finance and advisory, investment management through funds and portfolios, capital markets trading across asset classes, and alternative investments providing access to top-tier VC managers. The firm also manages the Al Mal Capital REIT listed on the Dubai Financial Market and operates an online trading platform for securities on DFM and ADX.
Product overview
Al Mal Capital is a diversified, multi-line investment management and financial advisory firm offering a platform of five core services: Direct Investments (principal investing in real estate and private companies), Corporate Finance & Advisory, Investment Management (funds and portfolio services), Capital Markets (trading across asset classes), and Alternative Investments (access to VC managers). The firm also manages Al Mal Capital REIT, a closed-ended real estate investment trust listed on the Dubai Financial Market focused on income-generating real estate in education, healthcare, and industrial sectors. The product portfolio is complemented by equity funds including Al Mal MENA Equity Fund and Al Mal UAE Equity Fund. The company is licensed by the UAE Capital Market Authority for investment fund management, portfolios management, financial consulting, financial advisory, promotion and listing advisory.
Differentiator
Problem solved
Functional benefit
Brands
- Al Mal Capital REIT: Closed-ended real estate investment trust listed on Dubai Financial Market focusing on income-generating real estate assets across UAE and GCC in education, healthcare, and industrial sectors.
- Al Mal MENA Equity Fund
- Al Mal UAE Equity Fund
Products and services
- Direct Investments Principal investing, asset management, and General Partner services for regional and international acquisitions of real estate and private companies. Targets institutional and high net worth clients seeking direct exposure to underlying assets.
- Corporate Finance & Advisory A wide range of informed advisory services for corporate finance needs including deal structuring, financial consulting, and strategic advice. Licensed by CMA UAE for Financial Advisory and Promotion/Listing Advisory services.
- Investment Management Funds and portfolio services delivering long-term excess returns, including the Al Mal MENA Equity Fund and Al Mal UAE Equity Fund, offered to qualified institutional and high net worth investors.
- Capital Markets Trading services across financial markets and asset classes for clients, supported by a secure online trading platform connecting to Dubai Financial Market and Abu Dhabi Securities Market trading systems.
- Alternative Investments Engineered financial solutions providing access to global top-tier venture capital managers with proven track records across industry sectors and asset classes.
- Al Mal Capital REIT Closed-ended REIT listed on the Dubai Financial Market, focused on acquiring and managing a diversified portfolio of income-generating real estate assets across the UAE and GCC in education, healthcare, and industrial sectors. Managed by Al Mal Capital PSC.
Quantifiable outcome
- Al Mal MENA Equity Fund generated +7.31% alpha vs benchmark S&P Pan Arab Large Cap Index
- +3 more outcomes
Companies that use Al Mal Capital
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles2 records
Al Mal Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Al Mal Capital partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- xCubecorexCube appointed as Liquidity Provider for Al Mal Capital REIT units in accordance with DFM and CMA rules and regulations. xCube provides continuous two-way quotes during trading hours to support orderly trading and efficient secondary market functioning.
- IRA CapitalminorIRA Capital of Irvine California partnered with Al Mal Capital in 2016 to acquire Poinsettia Plaza in Ventura, California (42% interest held by Al Mal Capital). The partnership executed value-creation programs including full renovation in 2021, growing occupancy from 82% to 97%.
- GEMS EducationminorOperator of Wesgreen International School campuses under long-term lease arrangement with AMC REIT. GEMS Education operates the schools providing K-12 education.
- Dubai Investments (Emicool IPO)minorAl Mal Capital appointed as Lead Manager for Emirates District Cooling (Emicool) IPO, a wholly-owned subsidiary of Dubai Investments PJSC.
- Dubai Investments (Consortium)coreDubai Investments led consortium of investors to acquire Kent College Dubai campus through Al Mal Capital PSC in a sale and leaseback transaction. Al Mal Capital structured the transaction with co-investment partners.
- Mir Hashem Khoory LLCminorOperator of Kent College Dubai, a diversified Dubai-based family conglomerate. Subsidiary operates Kent College Dubai under long-term triple net lease arrangement.
- Al Batha Real EstateminorSeller of Wesgreen International School campuses to AMC REIT for AED 265 million consideration in February 2023.
Scale indicators17 records
Recent moves7 records
Expansion highlights5 records
Al Mal Capital competitors and assessment
Company assessmentDirect peers
- EFG Holding (formerly EFG Hermes): Pan-MENA investment bank and asset manager offering investment banking, brokerage, asset management, and research across the region. Closely comparable to Al Mal Capital in offering diversified investment management and capital markets services to institutional clients in the GCC.
- Shuaa Capital (now part of Dubai Islamic Bank group): UAE-based investment bank and asset manager historically offering asset management, advisory, and principal investing across MENA. Directly comparable to Al Mal Capital in serving UAE institutional and HNW clients with funds management and corporate advisory.
- Investcorp: Bahrain-headquartered alternative investment firm managing private equity, real estate, credit, and absolute return strategies globally. Comparable to Al Mal Capital's alternative investments and direct real estate investment businesses and its institutional MENA client base.
- Emirates NBD Asset Management: UAE bank-affiliated asset manager offering MENA and global equity, fixed income, and money market funds to institutional and retail clients. Directly comparable to Al Mal Capital's investment management and UAE Equity Fund offerings in the UAE market.
- Mashreq Capital: UAE-based asset management subsidiary of Mashreqbank offering fixed income, equity, and money market funds. Comparable to Al Mal Capital's fund management business targeting UAE institutional and HNW investors.
- NBK Capital: Kuwait-based investment banking and asset management arm of National Bank of Kuwait serving GCC institutional clients with advisory, asset management, and brokerage. Comparable regional peer for MENA-focused funds management and corporate advisory.
- Emirates Investment Bank: UAE-based independent investment bank offering corporate advisory, capital markets, and wealth management to regional institutional and family-office clients. Comparable to Al Mal Capital's corporate finance & advisory and capital markets businesses in the UAE.
Broad incumbents
- Abu Dhabi Investment Authority (ADIA): One of the world's largest sovereign wealth funds based in Abu Dhabi with global multi-asset investment operations. Overlaps with Al Mal Capital's investment management and direct investments but operates at vastly larger scale and broader geographic mandate.
- Gulf Investment Corporation (GIC): Kuwait-based GCC-wide investment institution owned by the six GCC states, deploying capital across asset classes including direct investments and real estate. Comparable in offering principal investment and asset management services to institutional GCC clients, but at supranational scale.
Regional players
- Saudi Fransi Capital: Riyadh-based investment banking and asset management subsidiary of Banque Saudi Fransi serving Saudi institutional clients. Comparable in offering asset management, advisory, and capital markets services but operating primarily in Saudi Arabia rather than the UAE.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights8 records
Customer concentration
Al Mal Capital social profiles
Digital presenceAl Mal Capital compliance and trust
Trust signalCompliance2 records
Al Mal Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Al Mal Capital leadership team
Management profileNumber of profiles
Profiles5 records
Al Mal Capital subsidiaries and ownership
Company hierarchySubsidiaries3 records
Al Mal Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Al Mal Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Al Mal Capital
What does Al Mal Capital do?
Al Mal Capital is a UAE-licensed investment management and advisory firm offering five core services: direct principal investments in real estate and private companies, corporate finance and advisory, investment management through funds and portfolios, capital markets trading across asset classes, and alternative investments providing access to top-tier VC managers. The firm also manages the Al Mal Capital REIT listed on the Dubai Financial Market and operates an online trading platform for securities on DFM and ADX.
Is Al Mal Capital a public or private company?
Al Mal Capital is a private company. It is classified as corporate owned and is currently operating.
When was Al Mal Capital founded?
Al Mal Capital was founded in 2006. It employs 11 to 50 people.
Where is Al Mal Capital based?
Al Mal Capital is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Al Mal Capital make money?
Four revenue lines are on record. Investment Fund Management is the primary driver. The others are corporate Finance & Advisory, securities Trading Commissions and direct Investments.
Who are Al Mal Capital's main competitors?
Direct peers on record are EFG Holding (formerly EFG Hermes), Shuaa Capital (now part of Dubai Islamic Bank group), Investcorp, Emirates NBD Asset Management, Mashreq Capital, NBK Capital and Emirates Investment Bank. Broad incumbents are Abu Dhabi Investment Authority (ADIA) and Gulf Investment Corporation (GIC). Saudi Fransi Capital is listed as a regional player.
Does Al Mal Capital have an API?
No public API is recorded for Al Mal Capital.
What industry is Al Mal Capital in?
Al Mal Capital's product category is Investment Management. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of BPAJANAE, Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing). Its NAICS code is 52394 and its SIC code is 6282.