New Capital Aims to Fuel Strategic Investments in Logistics, Education, and Healthcare
Pavitra Shetty
Published on October 30, 2024, 17:25:14
Gulf Islamic Investments (GII), the Dubai-based investment firm, has received a fresh $100 million in capital from its shareholders, including new and existing investors, which will be allocated to private equity opportunities in Saudi Arabia. This capital infusion is also expected to support investment activity across other Gulf markets.
Key contributors to the fund include prominent investors such as the Al Nahdi family office in Saudi Arabia, Sharjah’s Shurooq, and other longstanding GII stakeholders.
Active Investment Strategy and Recent Deals
GII has pursued an active investment strategy this year, with a notable focus on logistics. The firm recently entered into a joint venture to establish a logistics hub in Saudi Arabia. Additionally, GII collaborated with Brookfield, the global fund manager, to sell a controlling interest in its logistics-centered real estate assets.
One of GII’s recent high-profile moves was a stake purchase in GEMS Education, the Dubai-headquartered school operator, in partnership with Brookfield Asset Management. Beyond the education sector, GII has expanded its healthcare portfolio in Saudi Arabia by acquiring a majority stake in Al Meswak Dental Clinics and a substantial share in Abeer Medical Company.
Future Expansion Plans in the GCC and Beyond
According to Pankaj Gupta, co-founder and co-CEO of GII, the firm aims to further expand its footprint in the Gulf region through strategic acquisitions and co-investments, particularly in collaboration with investors from Saudi Arabia and other GCC countries.
In addition to its activities in the Gulf, GII is actively exploring private equity opportunities in India, where it currently manages two funds and is assessing further deals in the Indian private equity market.
With assets under management exceeding $4.5 billion, GII’s recent capital raise highlights its commitment to strategic growth and continued diversification across key sectors and regions in the Gulf and beyond.
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