Dubai-based Gulf Islamic Investments (GII) has successfully secured $100 million from a diverse set of investors, including Saudi Arabia’s Al Nahdi Family Office, the owner of the pharmacy chain Nahdi Medical Co., as reported by Bloomberg. The raised capital is aimed at expanding GII’s private equity footprint within the Middle East and India. GII is focused on acquiring, aggregating, repurposing, and developing facilities for transport and e-commerce businesses in the Gulf region. The firm currently manages $4.5 billion in assets. Notably, in May, Brookfield Asset Management acquired a controlling stake in GII’s logistics real estate platform, which includes 1.5 million square feet of warehouses in the UAE.

Private Equity, Pharmaceuticals & Healthcare, Logistics & Real Estate, E-commerce,Middle East, India, Saudi Arabia, UAE

https://www.zawya.com/en/economy/islamic-economy/dubais-gulf-islamic-investments-secures-100mln-to-expand-private-equity-business-osdkm5ll