Dubai – UAE 29 October 2024: Gulf Islamic Investments (GII), a leading Shari’ah-compliant alternative investment firm, announced the closing of an oversubscribed $100 million capital increase to fund its ambitious private equity and private credit projects across Saudi Arabia and the GCC. Major backers, including the Al Nahdi family office, Sharjah Investment and Development Authority (Shurooq), and GII’s long-term investors, contributed to this new capital injection, signaling continued confidence in GII’s strategic vision.
The investment boost aligns with Saudi Arabia’s Vision 2030 and the Future Investment Initiative (FII8) in Riyadh, taking place from 29–31 October 2024. This capital increase empowers GII to accelerate high-growth initiatives in key sectors like healthcare, food production, and logistics across the Gulf Cooperation Council (GCC) region, positioning it as a significant player in Saudi Arabia’s rapidly growing economy.
With over $4.5 billion in assets under management, GII’s recent investments include strategic partnerships with Brookfield Asset Management in the UAE, a majority share in Al Meswak Dental Clinics (Saudi Arabia’s largest dental and dermatology chain), a logistics joint venture with Logipoint in Jeddah, and major stakes in food production leaders Badia Farms and Emad Bakeries. Additionally, GII manages private equity funds in India and is exploring further investments in the region.
Mohammed Alhassan, co-founder and co-CEO of GII, stated, “This capital raise not only strengthens our financial position but also supports the ongoing expansion of our healthcare, logistics, and food production investments across the GCC. It’s aligned with Saudi Vision 2030, attracting foreign direct investment and creating jobs.”
Co-founder and co-CEO Pankaj Gupta added, “GII remains committed to fostering partnerships and exploring acquisitions across the Arabian Gulf. The FII8 platform allows us to deepen our investment discussions in Saudi Arabia’s dynamic economy, providing tangible benefits for our investors and supporting regional economic growth.”
