Rasameel Investment Company has officially declared its successful divestment from four of its units located within the Emirates Financial Tower in Dubai. This exit was accomplished for a total consideration of AED 23.4 million.
In a statement, Rasameel highlighted that the sale of this property aligns with its strategy of asset restructuring. The property in question is mortgaged by First Abu Dhabi Bank as part of an Islamic loan arrangement. This transaction enables the company to optimize its asset allocation and revamp its capital structure, in alignment with its established business plan.
Dakhil Al-Dakhil, the CEO of Rasameel, commented that the recent sale of four units of the company in the UAE exemplifies the high level of investor confidence in Rasameel. This deal stands as another notable accomplishment, adding to the series of successes the company has achieved in recent times. Al-Dakhil emphasized that Rasameel managed to realize a profit of approximately AED 2.3 million, surpassing the value previously recorded in its financial books.

He further mentioned that Rasameel remains attuned to economic shifts and advancements both globally and within the region, strategically planning to add value to all stakeholders.
Furthermore, he pointed out that this recent sale will not mark the conclusion of the company's real estate holdings, underscoring the company's resolute commitment to making favorable investment choices. These choices, he emphasized, should yield positive impacts on operations and increase profits across various tiers. Alongside this, Rasameel is dedicated to refining its strategic approach, an initiative aimed at strengthening its standing and leadership as a leading investment company in the region.