In January, it invested $160 million in Abeer Medical Company, a Saudi health-care provider. GII closed a $600 million deal in 2022 for a majority stake in Al Meswak Dental Clinics, one of the largest providers of dental and dermatology care in the kingdom.
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The Shariah-compliant company also invests in alternative assets. Brookfield Asset Management Ltd. partnered with GII, among others, to buy into Dubai-based GEMS Education. The Canadian firm had acquired GII’s real estate unit earlier this year in a deal that marked Brookfield’s foray into the Middle East logistics space.
The Al Nahdi family listed their flagship Nahdi Medical in 2022, in one of Saudi Arabia’s largest initial public offerings to date. The pharmacy retail chain reported revenues of $2.3 billion last year.
The family office invests across sectors including health care, education, clean energy and artificial intelligence, according to its website.