Gulf Islamic Investments acquires a licensed investment and asset management firm in the Kingdom of Saudi Arabia
- 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”.
Home >> Business and Economy Section
Prince Mohammed bin Salman Royal Reserve brings back the Onager to the Kingdom o ...
Pfl 2024 season crowns six world champions as history is made in riyadh
JHAH Convenes Over 1,200 Global and Regional Experts Across Two Conferences to A ...
Zuma Riyadh Opens Reservations Ahead of Opening
HSA Group Launches AITC in Saudi Arabia, Marking a Strategic Shift Towards Leade ...
KFSHRC Honoured with EXPRO Award for Optimising Resources
Nahdi Medical Company Solidifies Its Position as the Largest Primary Healthcare ...
28th World Investment Conference in Riyadh Concludes with Calls for Internationa ...
Takeda brings together top Saudi Medical Societies to advance gastrointestinal d ...
Saudi Pro League and OneFootball forge long-term strategic content partnership
History to be made with record number of saudi players competing at pif saudi in ...
Catrice Launches Invisible Cover Foundation: Where Comfort Meets Confidence in O ...
Nine transformative investment deals signed at the 28th World Investment Confere ...
What's Your Juicy? essence Introduces the JUICY BOMB glossy butter balm
28th World Investment Conference Kicks Off in Riyadh, Uniting Global Leaders in ...
CSM Appoints Ian Mathie As Managing Director, Saudi Arabia
FIFAe Finals 2024 featuring Rocket League and eFootball™ to take place in Riyadh ...
The Ministry of Environment Water and Agriculture is Set to Host the 1st Interna ...
Ajmal Perfumes Enhances Travel Retail with New Boutique in Muscat Duty Free
Under the Patronage of HRH the Crown Prince, Saudi Arabia is readying to Host La ...