Saudi Arabia’s Gulf Islamic Investments aims to double $750mn US portfolio in four years

The US expansion move follows the successful public offering of an allocation of zSpace’s shares on the NASDAQ in December 2024, which brought GII to US public attention.

“We are keen to expand our investments in the USA, a country that GII has known well since our inception in 2014,” said Fawaz Al Tamimi, Chairman of GII Saudi Arabia and GII group Board Member.

“The US is well-known as one of the best markets for private debt and private credit opportunities, which will allow GII to scale up its existing operations in these asset classes,” he said.

GII said its Saudi-based operations are the ideal base for its proposed US expansion plans.

The company’s existing operations in the Kingdom include a CMA-regulated category-one financial institution in Riyadh and the largest Saudi dental and dermatological chain, Al Meswak.

Abeer Medical, a medical insurance provider, Emad Bakeries, the largest bakery in western Saudi Arabia, a logistics joint venture with Logipoint in Jeddah, and Badia Farms, a new hydroponic farm in Ta’if, near the holy city of Makkah are also part of GII’s Saudi operations.