Investor Relations
Capital Architecture — DIFC Regulated Sub-Fund
SOMA Capital Sub-Fund, structured as a DFSA-regulated DIFC vehicle, offers institutional investors a bankable, asset-backed entry into UAE sovereign food infrastructure.
Class A Senior Convertible PrefsDIFC PCC / VCCDFSA oversight
Target Facility
US$ 60M
AED 220M · Accordion to US$ 100M+
Guaranteed Base Coupon
8.00%p.a.
Accrued daily, first priority in the waterfall
Annual Return Cap
15.00%p.a.
Maximum annual dividend hard cap
Tenor
6-Year
Par redemption at maturity
Tranche A
US$ 10M
5 seats × US$ 2M · Anchor scarcity
Year-6 LP Conversion
2.08×MOIC
15% discount to FMV · target
Farm-level economics
Return on capital deployed, per acre
Five-scenario vine tomato reference model · 166,000 kg/acre/year · AED 900,000 gross CapEx/acre.
| Scenario | Price | Net income | ROCE |
|---|---|---|---|
S3 · Baseline Unsubsidised | AED 5.00/kg | AED 274,000 | 30.4% |
S2 · CapEx subsidy 15% effective rebate | AED 4.50/kg | AED 221,100 | 28.9% |
S1 · Full subsidy CapEx + 20% OpEx | AED 4.00/kg | AED 214,700 | 28.1% |
S4 · Unsubsidised Normalised market price | AED 4.00/kg | AED 141,200 | 15.7% |
S5 · Stress test Zero subsidies | AED 3.00/kg | AED 8,400 | 0.9% |
Even at the AED 3.00/kg stress price, the farm covers OpEx, full management salaries and debt service.
Tranche A · 5 anchor seats
Secure a US$ 2M anchor seat with Right of First Refusal on the following US$ 50M.
Indicative terms for discussion only. Placement under a DIFC structure regulated by the Dubai Financial Services Authority. Strictly private & confidential.