Colors: Blue Color

Arabian Automobiles, the flagship company of the AW Rostamani Group and the exclusive dealer for Nissan in Dubai, Sharjah and the Northern Emirates, has announced that the Nissan KICKS secured a dominant market share over 20% by the end of 2017, making it the leading vehicle in the compact crossover segment within just 12 months of its launch. The vehicle was also named ‘Compact Crossover of the Year’ at the wheels Car of the Year 2018, where it was recognised for hitting ‘the sweet spot between styling and universal appeal’.

ENBD REIT (CEIC) Limited (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its audited financial results for the year ended 31st March 2018, prepared in accordance with International Financial Reporting Standards (“IFRS”) and audited by KPMG. ENBD REIT is listed on Nasdaq Dubai under ticker symbol ‘ENBDREIT’. As at 31st March 2018, ENBD REIT’s Net Asset Value (“NAV”) was USD 300 million or USD 1.18 per share. The total value of its property portfolio was USD 463 million, increasing by USD 3 million on the previous quarter and by USD 147 million on the previous year. ENBD REIT’s total loans stood at USD 168 million at a Loan-to-Value (“LTV”) ratio of 36%, compared with an LTV of 28% in 2017.

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