Dubai-based asset manager Gulf Islamic Investments (GII) has announced a major expansion of its operations in Saudi Arabia. The company has acquired a full investment license from the Saudi Capital Market Authority (CMA) and plans to open an office in Riyadh later this year.
GII’s expansion into Saudi Arabia is part of its broader strategy to grow its presence in the Middle East and North Africa (MENA) region. The company has over $3.5 billion of assets under management and is already invested in several projects in Saudi Arabia, including a majority stake in the Al Meswak Medical Group.
Fawaz Al Tamimi, Chairman of GII’s Saudi Arabia office, said:
“We are excited to expand our operations in Saudi Arabia. We believe that the country has a strong economic outlook and offers significant investment opportunities. Our expanded presence will allow us to better serve our clients and partners in the region.”
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Mohammed Alhassan, GII’s Co-founder and Co-CEO, said:
“Our Saudi investment operations support the Financial Sector Development Plan of Saudi Arabia’s Vision 2030. We are committed to contributing to the growth of the country’s economy and helping to diversify its investment options.”
GII’s expansion into Saudi Arabia is a significant development for the company and the MENA region. The company’s presence in the region will help to attract more investment and support the growth of the local economy. Start your journey into ethical and profitable investing with Islamic Investments and embrace the principles of Sharia-compliant finance for a brighter financial future.
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