Healthcare

 Gulf Islamic Investments (GII), a leading Shari’ah-compliant asset management group, has announced the appointment of Saeed Saleh Al Ghamdi as a new Board Member at GII Holding LLC. This move strengthens the representation of Saudi nationals on the Board of Directors as GII expands its operations across the Kingdom of Saudi Arabia in 2024.

Saeed Saleh Al Ghamdi, the CEO of Al Nahdi Family Office, joins GII's Board alongside Fawaz Al Tamimi (Chair of GII Saudi Arabia) and Mohammed Alhassan. His appointment comes at a time when GII is significantly increasing its business activities in Saudi Arabia, which includes obtaining a CMA license, establishing a cooperative logistics agreement with Logipoint, acquiring Emad Bakeries in Jeddah, and expanding healthcare assets through Al Meswak dental clinics and the Abeer Medical Company.

Al Nahdi Family Office, now a GII shareholder, has injected growth capital into the company, underscoring GII’s appeal to Gulf investors. Mr. Al Ghamdi brings over 26 years of experience in management and finance to the board. His previous roles include Senior Director for Financial Planning and Analysis at Al Nahdi Medical Company and Group Chief Financial Officer at Fakeeh Care. He holds a Bachelor’s degree in accounting from King Fahd University of Petroleum & Minerals and an MBA from King Abdulaziz University, with additional leadership training from the Saudi Oxford Advanced Management and Leadership Program at the University of Oxford.

GII, a Shari’ah-compliant global alternative investment company with over US$4.5 billion in assets under management, has been actively expanding its operations. In May 2024, GII launched a logistics joint venture with Jeddah-based Logipoint, following the sale of a majority stake in its UAE logistics business to Brookfield Asset Management (BAM) in April. In June, GII conducted another transaction with BAM, as part of a consortium acquiring the GEMS network of schools in one of the Gulf's largest private equity deals, according to Bloomberg.

Commenting on the appointment, Mohammed Alhassan and Pankaj Gupta, GII’s co-founders and co-CEOs, said, "We are delighted to welcome Saeed Al Ghamdi to the GII Board. His extensive experience and impressive network will provide strategic direction to GII’s operations in Saudi Arabia and the broader GCC region. The addition of Al Nahdi Family Office’s growth capital and executive expertise strengthens GII’s growth strategy and capabilities within the Kingdom."

GII’s recent activities and strategic expansions reflect its commitment to strengthening its presence in Saudi Arabia, further enhancing its portfolio and service offerings across the GCC region

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