Australia's Qualitas rises as co secures $488 mln commitments from Abu Dhabi group

Qualitas

01/08/2022 02:30

** Shares of Qualitas Ltd  QAL.AX  jump as much as 18.2% to
A$1.98, hit their highest level since June 3
    ** The alternate real estate investment management co says
it secured commitments of up to A$700 mln ($488.46 mln) from Abu
Dhabi Investment Authority (ADIA) group entity for a new fully
discretionary mandate  urn:newsml:reuters.com:*:nASX3DQ62d
    ** Adds that the mandate will be carried out through newly
created Qualitas Diversified Credit Investments
    ** Says co granted options under which ADIA may acquire up
to 9.99% of current issued equity on a fully diluted basis 
    ** Qualitas stock down 19% this year
 
    ($1 = 1.4331 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))