After successfully engaging in diverse investments across sectors and markets, Direct Investments has naturally evolved into a core strategic element of Al Mal Capital, cementing its significance within our organization. We aspire to be recognized as a leading investment partner in the region. In Direct Investments, we prioritize long-term value creation, particularly in local/international real estate and in mid-sized businesses within the GCC region. Our methodology revolves around securing exclusive investment opportunities, conducting thorough due diligence, and fostering strong alignment of interests with our esteemed partners and management teams.
Harnessing our multifaceted roles as Principal Investors and Investment & Asset Managers, we spearhead regional and international acquisitions across a wide array of asset classes, ranging from real estate to private enterprises.
Income generating assets
Defensive sectors: education and healthcare
Target 8%+ distributions and 10-15% IRR
Partner with best-in class asset managers for our US and western Europe
Income generating assets
Sectors: multi-family, retail, office, logistics, life
Target 6%+ distributions and 10-15% IRR
Significant involvement, focus on value creation
Mid-size growth businesses in healthcare, education, niche manufacturing, value added distribution
18-25% for equity target annualized return
Rigorous approach to execution and value creation
Identify lucrative private market opportunities
Form a view on risk/return potential
Top-down approach to understand long-term themes and market potential
Business model assessment through desktop due diligence and review
Common understanding of funding objectives and exit plans
Evaluate target company performance and forecasts
Conduct in-depth due diligence
Employ third-party due diligence advisors
Confirm investment assumptions, upside potential and sources of risk
Optimize and agree on deal terms
Finalize negotiation and closing of definitive agreements
Utilize necessary legal & tax advisors
Execute on low-hanging fruits identified during due diligence
Devise and implement 100-day plan
Utilize own capital to secure the transaction
Arrange for debt financing
Bring co-investment partners into consummated deals
Evaluate and work towards multiple exit options
Leverage the wider network to search for serious and suitable buyers
Ensure asset is positioned optimally for sale
Run a well-formed sale process with our advisors including brokers and legal advisors
Ensure post-closing conditions are satisfied
Monitor investments and ensure reporting to clients is done on timely basis
AMC REIT is the first listed REIT on the Dubai Financial Market with a paid-up share capital of c. AED 350 million
The REIT invests in a diversified portfolio of income generating real estate assets in the UAE and GCC, based on secure long-term lease agreements with a strong credit profile
| Asset | Al Shola Schools (2 campuses) |
| Location | Ajman, UAE |
| Purchase Price | AED 300 million |
| Acquisition Date | November 2021 |
| Click here to open Al Mal Capital REIT website | |
Acquired 100.0% of the interest in the school asset (including school land, school building and immovable assets) under a sale and lease back transaction with the school operators in November 2017
The school campus leased back to the operator for a 25 year term period on a triple net basis
| Asset | Wesgreen International (2 campuses) |
| Location | Sharjah, UAE |
| Purchase Price | AED 265 million |
| Acquisition Date | February 2023 |
| Click here to open Al Mal Capital REIT website | |
Acquired 100.0% of the interest in the school asset (including school land, school building and immovable assets) under a sale and lease back transaction with the school operators in November 2017
The school campus leased back to the operator for a 25 year term period on a triple net basis
| Asset | Income generating school asset |
| Location | Dubai, UAE |
| Purchase Price | Confidential |
| Acquisition Date | November 2017 |
Acquired 21.1% of an income-generating neighborhood shopping center in Ventura, California in 2016
A 30-unit center covering a gross leasable area of 153,205 sq ft and includes 633 surface parking spaces
| Asset | Income generating retail community center |
| Location | Ventura, California, US |
| Purchase Price | Confidential |
| Acquisition Date | Q4 2016 (exited in Jan 2023) |