Gulf Islamic Investments (GII) Raises $100 Million for Expansion in Private Equity and Private Credit Projects
Gulf Islamic Investments (GII) has successfully raised an additional $100 million in growth capital, exceeding initial fundraising targets. This capital increase, driven by contributions from prominent investors including Saudi Arabia’s Al Nahdi family office, the Sharjah Investment and Development Authority (Shurooq), and current GII stakeholders, is set to fuel expansion in private equity (PE) and private credit initiatives across the GCC, particularly in Saudi Arabia.
GII, a leading Shari’ah-compliant alternative investment firm with over $4.5 billion in assets under management, has an extensive portfolio spanning healthcare, logistics, and food production. Recent projects include investments in GEMS Education, Al Meswak Dental Clinics, Abeer Medical Company, and joint ventures like Logipoint in Jeddah. The group is also exploring further private equity opportunities in India.
Mohammed Alhassan, GII’s co-founder and co-CEO, highlighted the capital's potential to bolster Saudi Vision 2023 projects, enhancing job creation and attracting foreign direct investment (FDI). Co-CEO Pankaj Gupta emphasized the importance of GII’s strategic partnerships with Saudi and GCC investors, with plans to explore further co-investments at the Financial Investment Initiative (FII8) in Riyadh.
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