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Mon 3 Aug 2020 10:04 AM

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Emirates REIT hires Houlihan Lokey as adviser to review options

Emirates REIT said last month that the Dubai Financial Services Authority is investigating matters connected to its management

Emirates REIT hires Houlihan Lokey as adviser to review options

Emirates REIT hired Houlihan Lokey as an adviser to help it review its options.

“Houlihan Lokey has been engaged to advise on the strategic options for the Emirates REIT’s portfolio, and on its operational structure,” the Dubai-based company said in a statement.

Emirates REIT said last month that the Dubai Financial Services Authority is investigating matters connected to its management. The company also said it will start a review of its strategic options, including a potential delisting from Nasdaq Dubai.

In a separate statement on Monday, the company said directors and employees of Equitativa and Emirates REIT will be permitted to purchase shares of Emirates REIT. Equitativa is the manager of Emirates REIT.

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