- For Gulf Islamic Investments (GII), a leading Shari’ah-compliantglobal alternative investment group based in the UAE ,this deal extends and expands its record of investments in the UAE’s businesses and the wider regional economy
- Investment from the Brookfield-led consortium, which includes GII, will support GEMS inmaintaining and expanding its leadership position as the largest private K-12 education provider in the Middle East
18 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.
For GII, a leading Shari’ah-compliant global alternative investment group with over US$4.5 billion of assets under management (AUM), thecompletion of this investment represents the second transaction with Brookfield this year. In April 2024, GII sold its majority shareholding in its UAE logistics business for an undisclosed amountto Brookfield.
GEMS has provided educational services in Dubai for over six decades and is the largest private schools’operator in the Middle East. It expects to welcome more than 140,000 students across its 46schools in the UAE and Qatar by September 2024, includingtwoschools opening in the emirates of Dubai and Abu Dhabi this August.
Pankaj Gupta, GII’s co-founder and co-CEO, commented,“The UAE’s spectacular economic growth is founded on a strong educational base, empowered by the leadership’s support and attitude that ‘nothing is impossible’. Our investment in GEMS will allow the company to supercharge the next phase of its growth plans”.
Mohammed Alhassan, GII’s co-founder and co-CEO, added, “As established investors, GII has a track record of investments across the GCC in several verticals, including in education,healthcare, logistics, food, education and real estate. We are very excited to develop our relationship with GEMS Education, the Gulf’s largest provider of private schooling”.
Sunny Varkey, GEMS’ Founder, concluded,“GEMS has experienced significant growth over its recent history, becoming one of the world’s most respected education companies. These investments demonstrate the breadth of the business, the educational quality, and the critical infrastructure that we deliver collectively for the UAE”.
(ENDS)
About Gulf Islamic Investments
Gulf Islamic Investments Group (GII) is a leading Shari’ah-compliant global alternative investment company. With over $4.5 billion of assets under management, GII seeks to achieve superior, sustainable returns and long-term value for its investors and shareholders by investing in curated growth and income-generating opportunities.
GII believes in ‘innovation with a purpose’, and works to build the sustainability of the ecosystem in which it operates. Under the leadership of a committed management team, supported by prominent shareholders from the Arabian Gulf region, GII deploys private capital across diverse alternative asset classes, including real estate, private equity, and venture capital. GII’s client network includes UHNWIs, family offices, banks, institutions, and sovereign wealth funds in the GCC and Asia.
GII is headquartered in the United Arab Emirates. Its UAE entities are regulated by the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority (FSRA), and its Saudi bank (Gulf International Investment Company) by the Saudi Arabian Capital Market Authority (CMA).
Website: www.gii.ae
Linkedin: https://www.linkedin.com/company/13460336/admin/
Instagram: gii.uae