GII Group Raises $100 Million to Boost Investments in Saudi Arabia and the Gulf

GII Group has successfully raised $100 million in a major funding campaign to support its private equity investment opportunities in Saudi Arabia and the GCC, coinciding with the Future Investment Initiative (FII8) Summit in Riyadh from October 29 to 31, 2024.

The funding round attracted leading regional investors, including the Al Nahdi family office and the Sharjah Investment and Development Authority (Shurooq), reflecting the market’s confidence in GII’s business model and expansion prospects. This capital will support investment projects in key sectors such as healthcare, food, logistics, and manufacturing, contributing to the Vision 2030 goals of attracting foreign investments and creating job opportunities within Saudi Arabia.

Founded in 2014 by Mohammed Al Hassan and Pankaj Gupta, GII manages assets exceeding $4.5 billion. The company has expanded its strategic investments with prominent partners, such as Brookfield Asset Management, including an alliance to acquire GEMS Education Group and divest its logistics assets in the UAE.

GII’s investments in Saudi Arabia include significant stakes in Al Meswak Medical Clinics and Abeer Medical Company, as well as a joint venture with LogiPoint in the logistics sector. Additionally, it holds investments in the food sector through Green Corp and Emad Bakeries in Jeddah and manages two private investment funds in India with future plans to explore the Indian space sector.

Co-founder Mohammed Al Hassan stated, “The new capital will strengthen GII’s growth and expansion in Saudi Arabia, supporting Vision 2030, attracting foreign investments, and creating jobs for citizens.” Pankaj Gupta added, “The FII initiative represents an ideal platform to connect with investors and explore investment opportunities in Saudi Arabia and the Gulf, delivering attractive returns for stakeholders.”