Gulf Islamic Investments (GII), a UAE-based alternative investment firm, has raised $100 million in new growth capital. This funding aims to expand private equity (PE) opportunities in Saudi Arabia and the wider GCC region. Contributors include the Al Nahdi family office, Shurooq (Sharjah Investment and Development Authority), and current GII stakeholders.
Expanding GII’s Reach Ahead of FII8 in Riyadh
The oversubscribed capital round strengthens GII’s balance sheet. It aligns with the Financial Investment Initiative (FII8) in Riyadh, October 29-31, 2024. This raise supports Saudi Arabia’s Vision 2023 and regional growth.
“This capital strengthens our balance sheet,” said GII co-founder and co-CEO Mohammed Alhassan. “It builds on our investments in GCC healthcare, food, and logistics.” He noted this boost would drive foreign direct investment (FDI) and create jobs in Saudi Arabia.
Diverse Investments in Key Sectors
Founded in 2014, GII now manages over $4.5 billion in assets. Recent investments span healthcare, logistics, and education. This year, GII joined Brookfield Asset Management to acquire GEMS Education and sold its UAE logistics network. Additionally, GII acquired stakes in Al Meswak Dental Clinics and Abeer Medical Company. It also launched a logistics venture with Logipoint in Jeddah and invested in Badia Farms and Emad Bakeries through its GreenCorp platform.
Growth Partnerships Across the GCC
GII co-founder and co-CEO Pankaj Gupta emphasized growth within the Arabian Gulf. “GII plans further expansion with Saudi and GCC partners,” he said. The FII event in Riyadh offers GII a chance to strengthen investor ties and support regional development.
With new capital and a successful investment track record, GII is poised to support Saudi Arabia’s economic transformation. As Gulf Islamic Investments builds on its investments, it seeks to create impactful private equity opportunities that benefit investors and drive regional economic growth.