At a 13.5% IRR

Senior Vice President – Alternative Investments Department at Dimah Capital, Walid Mohammad, stated that the Company has successfully exited its investment “PrimeLife” in the UK after a holding period of 4 years. The total exit price amounted GBP 50.5 million while the acquisition of the investment totaled GBP 42.2 million.

The VP mentioned in a press release that the IRR generated from the sale hit 13.5%, a significant increase of the projected IRR at the beginning of the investment of 10.8%. This achievement was made possible as a result of the hard work in adding additional value to the property through the active management. In addition, an annual cash yield was distributed to the investors at an average of 8.1% as monthly payments throughout the holding period of 4 years.

It is worth mentioning that PrimeLife is a group of 10 buildings for elderly care, which were acquired directly from PrimeLife Ltd. Co., consisting of 510 registered beds in east Midlands, UK.

Mr. Waleed added that such success comes as an affirmation of Dimah Capital’s commitment to provide the best and well-studied investments with best results and full transparency, while complying with Sharia and adhering to controlled risk criteria. He stated that Dimah Capital strives to grab the most distinctive investment opportunities in the international markets at a clear strategy, through collaboration with local and international strategic partners and professional asset managers.

Dimah Capital is a subsidiary of Al Imtiaz Group, established in 2007 and investing in and managing assets in the US and UK markets. The company works through an integrated technical team and a wide network of local and international relationships, which enables offering unique products of successful investments with attractive returns for individuals, companies and government entities.