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Management buy-out separates GRID Properties from Gulf Islamic Investments
Bloomberg | 28/10/202419 December 2024: Dubai, UAE – Gulf Islamic Investments group (GII) has sold its majority shareholding in GRID Properties to Mr. Shreen Gupta, GRID’s CEO and an existing minority shareholder in the business, in a management buy-out with the full support of GII’s Board and management.
A portfolio company of Gulf Islamic Investments (GII), a leading global alternative investment company with over $4.5 billion of assets under management, GRID Properties is an award-winning real estate solutions provider. Founded in 2018, its development portfolio exceeded $2.6 billion by 2024. GRID has an established presence in Dubai and London, partnering global brands such as Elie Saab and Marriott® Autograph.
With this management buyout, Shreen Gupta will take full control of the GRID Group. GII and GRID will continue to work together closely on existing and new developments, including flagship The Lucan development in Chelsea, London.
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GII closes $100 million capital increase to boost its growth plans
Bloomberg | 28/10/202428 October 2024, Dubai: Leading shareholders in Gulf Islamic Investments (GII), plus new investors, have added an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities across the Kingdom of Saudi Arabia and the GCC, ahead of the forthcoming Financial Investment Initiative (FII8) in Riyadh on 29-31 October 2024.
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Gulf Islamic Investments finalises investment in GEMS Education
Bloomberg | 17/7/202417 July 2024, Dubai: Gulf Islamic Investments group (GII) has concluded its funding arrangements in a consortium led by Brookfield Asset Management Ltd., through its Special Investments (“BSI”) and Middle East private equity programmes, to invest in the Dubai-headquartered private schools operator and service provider GEMS Education.
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Saeed Saleh Al Ghamdi appointed as new Board Member at GII Holding LLC
Bloomberg | 27/05/202427 May 2024, Dubai: Mr. Saeed Saleh Al Ghamdi brings over 26 years of experience in financial management. Mr. Saeed career path is filled with extensive diversified background including over 10 years at Procter & Gamble, followed by five years as Chief Financial Officer for the Saudi Arabian General Investment Authority (SAGIA).
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Gulf Islamic Investments and Logipoint create powerful
Bloomberg | 25/05/202427 May 2024, Jeddah: Gulf Islamic Investments (GII) and Logipoint, a subsidiary of SISCO, have signed an agreement in Jeddah to create a joint venture for a logistics platform providing Grade A warehousing solutions across the Kingdom of Saudi Arabia in a deal worth over SAR 1 billion (approx. $300 million). Earlier this month, Brookfield Asset Management acquired a majority stake in GII’s logistics business, providing high-end, long-term clients with bespoke warehousing solutions in the UAE
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Brookfield acquires controlling stake in GII’s logistics platform
Bloomberg | 25/03/2024May 2, 2024, Dubai (UAE): Brookfield Asset Management, through one of its private real estate funds, today announced that it has acquired a controlling stake in Gulf Islamic Investments’ logistics real estate platform. The portfolio, comprising 1.5M sq. ft. of high quality warehouses in the UAE, marks Brookfield’s foray into the logistics sector in the region. Brookfield plans to invest and scale the platform overtime through the acquisition and development of high-quality logistics real estate assets.
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Edamah and Badia Farms partner on innovative new agricultural project in Bahrain
Bloomberg | 25/03/202425 March 2024: Manama, Kingdom of Bahrain: Bahrain Real Estate Investment Company (Edamah), the real estate arm of the Kingdom's sovereign wealth fund, Bahrain Mumtalakat Holding Company (Mumtalakat), announced a strategic partnership with Badia Farms, a leading controlled environment food producer, which will invest several million dollars in a new sustainable farm in the Kingdom of Bahrain.
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Gulf Islamic Investments acquires a significant stake in Saudi Arabia’s Abeer Medical Company
Bloomberg | 15/01/202415 January 2024, Dubai (UAE): Gulf Islamic Investments (GII) has signed agreements to acquire a significant equity stake in Abeer Medical Company (Abeer), the largest affordable healthcare services provider in the Kingdom of Saudi Arabia, in a deal valued at an estimated SAR 600 million.