Gulf Islamic Investments Targets USD 3 billion AUM Via Property and Private Equity Investments in 2021

In a bid to reach its USD 3 billion asset under management (AUM) target for 2021, Dubai-based Gulf Islamic Investments (GII) has announced its plans to expand its property holdings, as well as its private equity investments. GII aims to spend USD 300-400 million in order to acquire property in the Gulf, Europe and the United States of America. In addition, GII is expected to invest USD 200 million in the private equity space in India as well as Saudi Arabia.

Why it Matters?

Speaking to the media, Mohammed Alhassan, Founding Partner and Co-Chief Executive of GII, stated that with AUM currently at USD 2 billion, GII is aiming to reach USD 1 billion more by the end of 2021. GII also has plans to divest some of its investments in private equity and proper...