By: Amr Adel

Dubai-Mubasher: Dubai Investments plans to offer two portfolios of investments worth AED 2 billion, according to the company’s managing director & CEO Khalid Bin Kalban.

The company will use the portfolios to invest them equally in the health and education sectors.

The company’s stake in the portfolios is not less than 10%, while investors and investment and pension funds will not hold more than 8%, Bin Kalban added on the sidelines on an event held Wednesday.

Dubai Investments will use its first portfolio, likely to be offered in September or October, to acquire existing hospitals in the UAE to be re-leased.

The second portfolio, to be built six months later, will be used to buy schools and universities to be re-leased, he said, adding that the company is in negotiations to acquire a school for all educational stages for AED 500 million.

Dubai Investments is in talks with three banks for a AED 1.1 million loan to finance its Mirdif Hills project in Dubai, he said, adding that the project’s cost stands at a total of AED 9.18 billion. 

The company targets to increase its assets to AED 20 billion by 2020 from AED 16 billion up to date.