Dubai – Mubasher: ENBD REIT (CEIC) PLC, formerly known as Emirates Real Estate Fund Limited, announced plans to reduce its share capital.

ENBD REIT, which is managed by Emirates NBD Asset Management, is seeking the confirmation of the court regarding the capital reduction and that the distributable reserve created by the said reduction of share capital is distributable, according to an official statement.

Any creditor or shareholder desiring to oppose the making of an order for the confirmation of the reduction of the company's share capital, and that the Distributable Reserve created by the said reduction of share capital is distributable, should appear at the time of the hearing in person or by Counsel for that purpose, the UAE sharia-compliant real estate investment trust noted.

“A copy of the said Claim Form will be furnished to any such person requiring the same by the undermentioned Legal Representative on payment of the applicable charge for the same (if any),” the statement said.