Riyadh - Sharikat Mubasher: Gulf Islamic Investments (GII), a UAE-based financial services company, secured an oversubscribed $100 million capital increase from leading partners such as the Sharjah Investment and Development Authority (Shurooq), Al Nahdi family office, and existing GII stakeholders.

These investments will enhance GII’s capacity to drive impactful private equity and private credit investments in Saudi Arabia and the GCC region, the group announced in a press release.

Aligning with Vision 2030, this fundraising came as part of GII commitment to creating jobs and stimulating foreign direct investments (FDI) across the Kingdom and the wider GCC region.

Mohammed Alhassan, Co-founder and Co-CEO of GII Group, stated that this additional capital raise solidifies the group’s balance sheet, capitalizing on its existing investments in GCC healthcare, food production and logistics ventures.

Meanwhile, Pankaj Gupta, GII's Co-founder and Co-CEO, noted that the group plans to expand its presence in the GCC region through acquisitions and co-investments with Saudi and other GCC investors.

GII is a leading Shariah-compliant global alternative investment group with over $4.5 billion of assets under management (AUM). Its recent investments included partnerships with Brookfield Asset Management in the UAE, a majority share in Almeswak Medical Group, and investments in Jeddah’s EMAD and Badia Farms.