At GBP 34.7 Million Dimah Capital has recently acquired “West Gate Shopping Park”, UK, for GBP 34.7 million, in partnership with a group of investors and under the management of “Strutt and Parker”, a leading asset management company, according to a press release by the Senior Vice President – Client Relations Department, Ahmed Faisal Al Qatami. Al Qatami stated that this success comes as a result of the strategy of the company, which is keen to diversify its investments sector and geographic wise, to achieve competitive returns according to well-considered and risk conservative standards and in compliance with the provisions of the Sharia. He added that Dimah confirms its keenness to cover the local regulatory side (CMA) on its investments.

This investment is added to the list of many licensed investments that ensure the integrity of the procedures and regulatory tools for investors and reflect the company’s commitment to its partners and investors. The investment offers cash returns of 8.125% per annum, distributed monthly, and the expected internal rate of return (IRR) is 10% over the 3 year investment period with the option of an additional two years extension as required for the best interest of the investors. He explained that the investment strategy is to operate of the property, which includes long-term lease contracts, benefit from the monthly rental income, and to add value to the asset by enhancing the current income and exploring additional sources of income to obtain the best capital gains at the end of the investment period.

The property is located in the center of Basildon, about 30 miles east of London. Strategically located in the city center and close to its main service and facilities, the complex comprises 13 tenants from UK’s leading brands, such as “Hobby Craft”, “Argos”, “Anytime Fitness” and many other brands that attract shoppers from various surrounding areas as well as nearby global brands that contribute to the flow of buyers. The VP stressed that Dima Capital is keen to capture promising investment opportunities in vital international markets in accordance with a clear and Sharia compliant methodology through diligent work and fruitful cooperation with strategic partners and allies locally and internationally. Dimah Capital is a subsidiary of Al Imtiaz Group, established in 2007, and has been able to find a solid ground for its launch and success. The Company operates through an integrated technical team, and a wide network of local and international relations, which enables it to offering unique collections of successful Sharia compliant investments with attractive returns for individuals and companies.