| Channel | Units | % | Avg Price | Total Value | Strategy |
|---|---|---|---|---|---|
| ๐๏ธ Timeshare | 16 | 18.8% | 24M (gross) | 384,000,000 | 48 weeks ร 500K ยท Porto 18% |
| ๐ Installments | 48 | 56.5% | 4.114M | 197,496,000 | 10% DP + 24 ุฑุจุน |
| ๐๏ธ External (1,100mยฒ) | 21 | 24.7% | 4.0M | 84,000,000 | From Al-Amer compensation |
| TOTAL | 85 | 100% | โ | 665,496,000 | โ |
| Year | Cash In | Cash Out | Net | Cumulative | Status |
|---|
| Category | Amount | % |
|---|---|---|
| Construction (BOQ Turnkey) | 73,456,127 | 42.8% |
| Cash to Al-Amer (Land) | 10,895,230 | 6.4% |
| Furnishing (Timeshare) | 2,400,000 | 1.4% |
| Porto Commission 18% | 69,120,000 | 40.3% |
| Broker Commission 6% | 11,850,000 | 6.9% |
| OpEx (Legal+Mgmt+Bank) | 3,800,000 | 2.2% |
| TOTAL COSTS | 171,521,357 | 100% |
| Tax Type | Rate | Base | Estimate | Reference |
|---|---|---|---|---|
| Income Tax | 22.5% | Net Profit | 111,370,000 | Article 49 |
| Schedule Tax | 5% | Sales Revenue | 33,475,000 | Law 67/2016 |
| Solidarity | 0.25% | Revenue | 1,500,000 | Law 2/2018 |
| Withholding (Brokers) | 5% | Commission | 592,500 | Article 56 |
| VAT on Timeshare Service | 14% | TBD | TBD | To verify with Mahmoud Malak |
| TOTAL ESTIMATED | โ | โ | 146,937,500 | Subject to review |
| # | Risk | Severity | Probability | Mitigation |
|---|
| # | Recommendation | Timeframe |
|---|---|---|
| 1 | Sign formal JDA with Al-Amer documenting 60/40 split | Immediate |
| 2 | Open dedicated escrow account for project cash flows | Immediate |
| 3 | Negotiate Porto Vacation Club agreement (18% commission) | 30 days |
| 4 | Engage Mahmoud Malak for project accounting policies (EAS 48) | 30 days |
| 5 | Secure 25M revolving credit facility as backup | 60 days |
| 6 | Establish KPI dashboard for monthly tracking | 60 days |
| 7 | Obtain external project (1,100mยฒ) inventory list | 90 days |
| 8 | Document 10.89M as 'Land Cost' per JDA signing | Y1 Q3 |
| 9 | Engage real estate marketing agency (1.5% of revenue) | Y1 Q1 |
| 10 | Set up Mizan module with read-only access for Mahmoud Mahfouz | 30 days |
| 11 | Quarterly board reviews: actual vs budget | Quarterly |
| 12 | Year-end audit by Mahmoud Malak โ full GAAP/EAS 48 review | Annually |