Manri Logistics Fund shares deposited with NASDAQ Dubai

According to the Emirates News Agency, the move is for the company to expand investment options for eligible investors.

The NASDAQ Dubai Securities Depository Center maintains the shares deposited by Manry Logistics on behalf of the shareholders in a credit environment and the Securities Deposit Center facilitates the transfer of shares ownership among investors.

The Manry Fund is a private real estate investment fund launched by the Palmon Group Group in Dubai in 2018 and managed by Dalma Capital .. The fund mainly focuses on logistical services and industrial facilities in locations such as Jebel Ali Free Zone, Dubai Investment Park and Dubai South.

After ringing the market opening bell on the NASDAQ Dubai Stock Exchange to celebrate this occasion ... Manohar Lahori, founder and chairman of the Palmon Group, said that the Manry Fund focuses on stable and long-term lease contracts for logistics and commercial real estate in line with the rapidly growing e-commerce market, a strategy that focuses To achieve more high returns and commitment to preserve capital, as these characteristics are attractive factors that attract regional and international investors, especially in light of the low interest rates globally.

He added that depositing shares in the Securities Depository Center on the NASDAQ Dubai Stock Exchange contributes to strengthening Manri's relationship with investors, as the stock exchange provides a distinct environment with a global vision.

The UAE is the most developed e-commerce market in the Middle East and North Africa, with a penetration rate of 4.2 percent, followed by Saudi Arabia at 3.8 percent, according to PIN & Company.

Zakari Sefarati, CEO of Delma Capital, pointed out that the volume of regional e-commerce is expected to double by the year 2022 with the increasing demand for e-commerce sites such as Amazon and Noon, considering that the growth of e-commerce supports the growing demand for logistical properties, industrial warehouses and order distribution centers. .

Hamed Ali, CEO of the Nasdaq Stock Exchange, expressed his happiness in cooperating with Manry with their willingness to support the Fund's plans for development and growth in several areas and achieving its commercial strategy ... considering that the Securities Depository Center is a leading and effective platform for private companies to provide a wide range of businesses within the stock market environment as a step towards participation In providing new avenues of financing.

The Nasdaq Dubai Securities Depository Center supports the implementation of a variety of corporate actions, including payment of payments to shareholders and the provision of close links with international depository centers ... All ownership of shares in Manri ... is transferred.