Emirates REIT hires adviser Houlihan Lokey to review options

EEmirates REIT said last month Dubai Financial Services Authority is investigating matters connected to its management.

mirates REIT hired Houlihan Lokey Inc. 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.

Share purchase

In a separate statement yesterday, 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.