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Aamaka Letter Irene

aamaka investor response

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20 views2 pages

Aamaka Letter Irene

aamaka investor response

Uploaded by

4jm2924w7k
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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12/12/2024

Subject: COMMITMENT TO PAYMENT

Dear Samuel Biraro and Irene Biraro,

We hope this letter finds you well. We are writing to provide an update
regarding your investment of 600,000 AED with Aamaka Houme Co LLC and
to recap the payments made to you thus far.

Between April and July 2024, Aamaka has paid a total of 74,400 AED over
four months, reflecting the monthly returns generated during this period.
While these payments demonstrate progress, we regret that we have not
been able to make additional payouts beyond July due to operational
challenges that have impacted our cash flow.

We want to assure you that we are taking deliberate steps to address these
challenges and meet all pending obligations. These steps include:

1. Securing Additional Funding: We have applied for a loan that is


expected to be finalized by 10th March 2025, which will provide the
resources necessary to cover pending payouts and stabilize our
operations.
2. Interim Payment Plan: For the remaining months, Aamaka will issue
small interest proceeds based on the available revenue generated, as
70–90% of our revenue is currently being reinvested into reorganizing
our properties. We will communicate the available revenue from time
to time and share it in small payouts until we reach March 2025, when
we aim to close the contract fully.
3. Operational Recovery: We are actively resolving the challenges that
disrupted our work and implementing measures to ensure consistent
growth and financial stability moving forward.
12/12/2024

While addressing these financial commitments, we have also been focused


on resolving the operational challenges that disrupted our work and
growth. Although these issues have taken time, we are pleased to report
that the company is gradually recovering and stabilizing.

We deeply appreciate your patience and understanding during this period.


Our priority remains to honor our commitments and ensure a smooth
resolution to the pending matters. Should you have any questions or
require further clarification, please do not hesitate to contact us.
Thank you for your continued trust and support.

Signed by:
……………………………………………..
Kafeero Aziizi
CEO, Aamaka Houme Co LLC

…………………………………………
Agape Gloria
Partner, Aamaka Houme Co LLC

…………………………………………
Abdullah Ehab Fathy
Legal, Aamaka Houme Co LLC

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