FIVE Holdings, previously known as SKAI Holdings, has unveiled its new corporate identity based on the elements, earth, fire, water, air, and consciousness which reflect the five founders’ qualities.

Furthermore, the company has introduced an AED2.1 billion (USD571 million) real estate investment trust (REIT), to be regulated by Abu Dhabi Global Market and Financial Services Regulatory Authority.

REITs issue securities in the form of shares that invest in income generating real estate including mortgages and may be traded like a stock when offered to the public.

Dhananjai Cadambi, CEO, FIVE Capital, noted that as well as Viceroy Dubai Palm Jumeirah, owned by the organisation, around 60 investors have committed to contribute their properties into the REIT.