During the financial year ending 31st March 2024, MENA Capital's investment portfolio sustained its robust performance trajectory. Pivotal investments that reached their exit phase during this period generated favorable returns, while yield-generating investments consistently delivered and distributed earnings. Notably, MENA Capital's senior debt investment in a built-to-suit Amazon warehouse located in Kitzingen, Germany (NIC Kitzingen) was fully repaid upon the project's completion and subsequent sale, yielding an impressive Net IRR of 10.6%. Concurrently, we have continued to strategically reallocate funds into new and diversified investment opportunities, aligning with the Company's established investment policy guidelines.
MENA Capital maintains a well-balanced investment portfolio, comprising growth and strategic investments alongside income-generating investments, ensuring stable cash flows and a robust liquidity position. The Company remains vigilant, continuously evaluating investment prospects sourced through its strategic partners and ventures. During the financial year ending 31st March 2024, MENA Capital had a robust pipeline of 153 investment opportunities across sectors such as technology, real estate, private equity, and credit, among others. As of 31st March 2024, MENA Capital has committed 111% of its paid-up share capital to promising investments, aligning with the Company's investment policy.
MENA Capital places significant emphasis on the pivotal role of corporate governance in enhancing overall performance, particularly in the prevailing business landscape. The Company's approach to corporate governance is a combination of internal protocols and external global best practices, designed to mitigate risk exposures, safeguard stakeholder interests, and maximize shareholder value.
The Company remains vigilant in monitoring global economic trends and emerging investment opportunities, assessing their potential implications for our existing portfolio and future strategic direction. With a diversified investment portfolio, it is imperative for the Company to adeptly identify, quantify, aggregate, and manage risks while allocating capital judiciously across our investments. Commensurate with the scale of the Company's operations, we have instituted a robust risk management framework to detect and mitigate significant risks proactively. This framework enables us to navigate the evolving landscape effectively and position our investments optimally for long-term growth and value creation.
