Finance
Saudi Arabia’s Al Nahdi Family Office Backs Dubai’s GII for Deals Push
- Al Nahdi family started Saudi Arabia’s largest pharmacy chain
- Brookfield bought majority stake in GII’s real estate unit
Dubai-based Gulf Islamic Investments LLC has raised $100 million from investors including Saudi Arabia’s Al Nahdi Family Office to expand its private equity business across the Middle East and India.
The founders of Saudi Arabia’s largest pharmacy retail chain — Nahdi Medical Co. — will join other investors injecting growth capital, a spokesperson for GII said, without disclosing further details.