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Abu Dhabi Financial Group eyes Etihad REIT IPO in 2018

Abu Dhabi Financial Group is hoping to raise $200 million when it lists Etihad REIT in Abu Dhabi or Dubai in 2018, Reuters reported, citing Jassim al-Seddiqi, the investment company's CEO.

Shuaa Capital is acting as adviser on the listing, the news agency added, citing al-Seddiqi who was at a conference in Abu Dhabi Dec. 11.

The Shariah-compliant real estate investment trust owns a portfolio of 10 mixed-use properties spread across the UAE, with a blended occupancy rate above 90%, Gulf Digital News reported in April.