Search SaudiArabiaPR.com

Home >> Business & Economy

Gulf Islamic Investments acquires a licensed investment and asset management firm in the Kingdom of Saudi Arabia

Gulf Islamic Investments acquires a licensed investment and asset management firm in the Kingdom of Saudi Arabia

Sunday, September 1, 2024/ Editor -  

Share

Home >> Business & Economy
  • GII’s fully-fledged investment licence in the Kingdom, under the name Gulf International Investment Company, creates new opportunities to expand its business in the country through investments in leading local companies, and fostering exciting new investment and asset management partnerships from its Riyadh office.

Riyadh: The planned expansion of Gulf Islamic Investments (GII) across the Kingdom of Saudi Arabia has gained significant momentum with the acquisition of a Saudi Capital Market Authority (CMA) licensed entity.

GII operations in Saudi Arabia will include corporate finance advisory, investment fund and asset management, private equity and structured finance. Its regulatory licences permit dealing as principal, agent and underwriter, arranging and advising of financial offerings, and managing investment funds. 

A leading Shari’ah-compliant global alternative investment group with over US$4.5 billion of assets under management (AUM), GII’s existing investments within the Kingdom include a majority share in the Al Meswak Dental Clinics, the largest chain of dental and dermatology centres in Saudi Arabia, co-partnering with Jadwa Investment Management and Advisory Firm, a significant stake in the Abeer Medical Company and other Saudi food processing acquisitions nearing completion. GII’s wider network of investment relationships includes international offices across the GCC, Europe, the USA and India.

Mohammed Alhassan, co-founder and co-CEO of GII Group, commented, “This welcome development supercharges GII’s plans to boost its operations in the Kingdom, extending our recent investments in Saudi healthcare and food processing firms with the addition of a powerful investment and asset management vehicle. We remain keen to grow our presence here through acquisitions and co-investments with Saudi and other GCC investors”.

Fellow GII Group co-founder and co-CEO Pankaj Gupta added, “We are extremely grateful to the Saudi Capital Market Authority for its rapid processing of our acquisition, through which GII can leverage its existing relationships in the Kingdom to play a wider role in Saudi Arabia’s rapidly-expanding economy. Our shareholders and investors want us to be more active in the GCC’s largest market, in which attractive investment opportunities can engender further development, increased returns and positive benefits for all”.   


Previous in Business & Economy

Next in Business & Economy


Home >> Business & Economy Section

Latest Press Release

Ministry of Finance and Federal Tax Authority Announce Amendment to Excise Tax o ...

Tonda PF Sport Chronograph Rose Gold Sandstone

Diriyah Company Announces $600 Million Construction Contract Award to Salini Sau ...

Diriyah Company Announces $1.53 Billion Construction Contract for The Diriyah Ar ...

UAE Team Emirates-XRG and Tadej Pogačar well-placed heading into week 2 of ...

The Countdown Is On, Honor Of Kings World Cup Kicks Off On July 15th

Isaac del Toro seals overall victory at the Tour of Austria

Casio to Release MR-G Inspired by the World's Largest Frog

Tadej Pogačar claims UAE Team Emirates-XRG's 60th win of season at Tour de ...

Why Catrice's Blushin' Charm is the One Thing You Need as Your Travel Essential

Hilton Signs First Tapestry Collection by Hilton in Saudi Arabia with Al Musbah ...

SADAFCO Publishes 2024 Sustainability Report, "Empowering Sustainable Chang ...

Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah!

Discover the Flavours of the Ottoman Empire with Address Hotel Jabal Omar Makkah

Emirates A350 debuts in Dammam

Tadej Pogačar sprints to second in thrilling stage 2 at the Tour de France

IATA Comments on Misguided Solidarity Levy Proposal

Mercato Wows Visitors with Circus Spectacles, Iconic Slide, and Weekly Cash Priz ...

To Increase Capacity and Strengthen Supply Chains Minister Al-Jasser Lays Found ...

Aster Sanad Hospital Supports Saudi Talent at PSCEMS Career Day