First Abu Dhabi Bank (FAB) has sealed a strategic partnership with Water.org, a global non-profit organisation dedicated to expanding access to water and sanitation, and its affiliated impact investment manager, WaterEquity in bid to advance water and sanitation access through market-based financial solutions.
The proposed $300 billion fund being discussed as part of the US-Iran interim peace agreement is intended to serve as a private investment vehicle to help drive economic development and reconstruction in Iran, according to a Reuters report.
The interim agreement between the US and Iran aimed at ending the Middle East conflict is expected to pave the way for Iran to resume oil exports immediately, according to US officials.
Saudi-based Asas Makeen Real Estate Development and Investment Company has announced that it has signed an agreement with Tawafuq Al Rimal Real Estate Fund for the development of an integrated residential compound in Al Rimal District, Riyadh, featuring a total of 503 homes.
Saudi-based Al Ramz Real Estate Company has announced plans to set up a shariah-compliant real estate investment fund, aimed at developing a key residential project in Jeddah. Located within the Al Firdous district, the integrated community development will boast 900 residential units as well as key amenities.
Investcorp, a global alternative investment firm headquartered in Bahrain, has announced that its GP staking arm, Investcorp Strategic Capital Group (ISCG), has closed on commitments of over $1.25 billion, thus taking the ISCG's total assets under management (AUM) to over $2.4 billion.
Riyad Capital, a leading company in Saudi real estate investment sector, has announced the launch of a new residential development fund valued at SAR 1.7 billion ($453 million), in partnership with Mountain View KSA. It is aimed at developing ONE Mountain View, a semi-gated residential community in Al Rimal District.
Appian Capital Advisory, an investment advisor with a major presence in the region, has joined forces with International Finance Corporation (IFC), a member of the World Bank Group to launch a new $1 billion critical minerals and metals fund for emerging markets.
Ethmar International Holding (EIH), a leading Abu Dhabi investment holding company, and Guggenheim Brothers Media (GB Media), a private investment firm focused on early to growth-stage media and entertainment companies, have partnered to launch a multi-million-dollar investment fund based in Abu Dhabi.
Red Sea Global, the Saudi developer behind regenerative tourism destinations Amaala and The Red Sea, has joined hands with Bunat Ventures (Bunat VC) to launch an investment fund - a first of its kind in the kingdom - dedicated exclusively to empowering startups specialised in artificial-intelligence (AI) technologies.
