Gulf Islamic Investments Secures $100 Million to Drive Regional Growth Plans
Oversubscribed Capital Enhance Goals to Bolster Personal Fairness and Personal Credit score Alternatives in Saudi Arabia and the GCC
29 October 2024, Dubai — Gulf Islamic Investments (GII), a number one Shari’ah-compliant world various funding agency, has introduced the profitable closure of a $100 million capital improve. This inflow of development capital, which was considerably oversubscribed, gives renewed alternatives for funding in promising personal fairness (PE) and personal credit score tasks throughout the Gulf Cooperation Council (GCC) area, additional solidifying GII’s ambition to increase its footprint and improve its strategic presence within the Kingdom of Saudi Arabia and past.
The $100 million capital elevate comes forward of the Monetary Funding Initiative (FII8), scheduled to happen in Riyadh from October 29 to 31, 2024. The initiative is predicted to offer a serious platform for world buyers and enterprise leaders to have interaction in high-level discussions about alternatives and challenges in Saudi Arabia’s evolving funding panorama, underscoring the importance of the Kingdom as a hub for future funding.
The latest capital-raising effort noticed participation from main shareholders in GII, together with contributions from a number of new buyers, together with one of many largest Saudi establishments, the Al Nahdi household workplace, and the Sharjah Funding and Improvement Authority (Shurooq). This robust endorsement from established monetary gamers additional underscores the rising investor confidence in GII’s strong portfolio and strategic development plans.
Increasing Horizons Throughout the GCC
With over $4.5 billion in belongings beneath administration (AUM), GII has established itself as a key participant within the area’s various funding ecosystem, actively pursuing alternatives that create long-term worth for buyers. The brand new capital injection is poised to speed up GII’s ongoing tasks in sectors similar to healthcare, logistics, meals manufacturing, and training, with a particular concentrate on the Kingdom of Saudi Arabia, which is quickly remodeling beneath its Imaginative and prescient 2030 initiative. This initiative seeks to diversify the Kingdom’s economic system away from oil dependency by fostering development in key sectors like tourism, healthcare, logistics, and leisure.
GII has persistently demonstrated its dedication to tapping into high-growth sectors inside the area. Notably, the agency has pursued key investments in strategic sectors, together with its latest partnerships with Brookfield Asset Administration to amass a majority stake in GEMS Training, one of many UAE’s most prestigious training networks. Moreover, GII divested from its UAE logistics community earlier this yr, a transfer that highlighted the agency’s concentrate on optimizing its portfolio to capitalize on new and rising development areas.
In Saudi Arabia, GII has taken main steps in increasing its presence, notably via investments within the healthcare sector. GII acquired a majority share in Al Meswak Dental Clinics, which is the most important community of dental and dermatology facilities in Saudi Arabia. This funding positions GII strategically in probably the most essential segments of the healthcare sector, catering to the rising demand for high quality healthcare companies within the Kingdom. Moreover, GII holds a major stake in Abeer Medical Firm, which operates quite a few healthcare amenities within the Gulf.
The agency has additionally delved into the meals manufacturing trade, which aligns with regional priorities concerning meals safety and sustainability. GII has launched the GreenCorp platform to help investments in meals manufacturing and processing, with tasks similar to Badia Farms, a hydroponic agricultural enterprise, and Emad Bakeries in Jeddah, which focuses on bakery manufacturing. These ventures characterize GII’s efforts to align its funding technique with sustainability targets and contribute to meals safety within the area.
Past Saudi Arabia and the UAE, GII’s attain extends into India, the place the agency runs two personal fairness funds centered on the dynamic and fast-growing Indian market. GII is evaluating extra alternatives within the Indian personal fairness house, highlighting its ambition to additional diversify geographically and faucet into new rising markets.
Strengthening the Stability Sheet for Future Development
The newly raised capital will allow GII to proceed constructing on its present investments throughout a number of industries. Mohammed Alhassan, co-founder and co-CEO of GII Group, famous, “This extra capital elevate strengthens our stability sheet additional, on the again of GII’s present investments in GCC healthcare, meals manufacturing, and logistics ventures. The brand new development capital will help tasks within the Kingdom beneath Imaginative and prescient 2030, including additional overseas direct funding (FDI) and creating extra jobs for Saudi residents, together with different GCC tasks being developed presently.”
Pankaj Gupta, GII’s co-founder and co-CEO, emphasised the importance of the Monetary Funding Initiative in Riyadh, stating, “FII gives an vital alternative to debate our enterprise partnerships and our dedication to investing in Saudi Arabia’s quickly increasing economic system, whereas bringing engaging returns and definitive advantages for our buyers and shareholders. We additionally purpose to debate and develop new regional funding tasks through the convention, which serves as a key platform for nurturing enterprise relationships and exploring collaborative development alternatives.”
Gupta additionally highlighted GII’s intention to increase additional inside the Arabian Gulf via acquisitions and co-investments with Saudi and different GCC buyers. He acknowledged, “Our development technique is anchored in forming long-term, significant partnerships that enable us to leverage synergies throughout sectors and areas, thereby contributing to the financial transformation envisioned by the area’s management.”
About Gulf Islamic Investments
Based with the imaginative and prescient of offering Shari’ah-compliant various investments, Gulf Islamic Investments is a worldwide chief within the various funding house. With over $4.5 billion in belongings beneath administration, GII goals to attain superior, sustainable returns for its buyers and shareholders by investing in well-curated development and income-generating alternatives.
GII’s mission is underpinned by the philosophy of ‘innovation with a goal,’ with an emphasis on constructing sustainable ecosystems that generate long-term worth for all stakeholders concerned. The agency actively invests in a various vary of asset lessons, together with actual property, personal fairness, and personal credit score/debt, with a key concentrate on sectors poised for fast development and influence.
GII’s shopper community consists of ultra-high-net-worth people (UHNWIs), household workplaces, banks, establishments, and sovereign wealth funds throughout the GCC and Asia. The agency’s UAE operations are regulated by distinguished authorities, together with the Securities and Commodities Authority (SCA), the Dubai Monetary Companies Authority (DFSA), and the Monetary Companies Regulatory Authority (FSRA). In Saudi Arabia, GII operates as Gulf Worldwide Funding Firm, regulated by the Kingdom’s Capital Market Authority.
A Strategic Path Ahead
The $100 million capital improve marks a major milestone in GII’s journey, reinforcing its position as an important participant within the regional personal fairness and funding panorama. With a transparent concentrate on figuring out and seizing high-potential alternatives throughout healthcare, training, meals manufacturing, and logistics, GII goals to be on the forefront of driving financial transformation within the Arabian Gulf.
As GII prepares to have interaction with regional and world companions on the Monetary Funding Initiative in Riyadh, the agency stays steadfast in its dedication to contributing to the financial growth and diversification of the GCC. By forging robust partnerships and deploying capital according to regional priorities, GII continues to place itself as a catalyst for sustainable development, innovation, and worth creation within the area.
For extra info, go to www.gii.ae and www.gii.sa.
Media Contact
Stephen Harrison
Head of Company Communications, GII
communications@gii.ae
