Business

Gulf Islamic Investments (GII) has announced plans to significantly expand its US investment portfolio, aiming to double its existing $750 million assets through GII Saudi Arabia within the next four years.

GII’s expansion follows the successful public offering of shares in zSpace, a California-based EduTech company, on the NASDAQ in December 2024. The firm already has established investments in New Jersey and Florida and is now looking to diversify further into the US logistics, education, and food production sectors.

As a leading global alternative investment firm with $3.5 billion in assets under management, GII’s Saudi-based operations serve as the foundation for this ambitious expansion. The company operates a CMA-regulated Category One financial institution in Riyadh and has major investments in Saudi Arabia, including Al Meswak, the country’s largest dental and dermatology chain, Abeer Medical, a medical insurance provider, Emad Bakeries, the largest bakery in western Saudi Arabia, and a logistics joint venture in Jeddah with Logipoint. Additionally, GII has invested in sustainable agriculture through Badia Farms, a hydroponic farming project in Ta’if near Makkah.

Fawaz Al Tamimi, Chairman of GII Saudi Arabia and Board Member of GII Group, emphasized the strategic significance of expanding in the US market. He stated, “We are keen to expand our investments in the USA, a country that GII has known well since our inception in 2014. The US is one of the most attractive markets for private debt and private credit opportunities, allowing us to scale up operations in these asset classes.”

GII is actively exploring investment opportunities in private equity and private debt markets in the US, leveraging its expertise and established presence to strengthen its global footprint.

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