Gulf Islamic Investments strengthens its presence in Kingdom

Fawaz Al Tamimi
Short Url
Updated 09 July 2023
Follow

Gulf Islamic Investments strengthens its presence in Kingdom

Gulf Islamic Investments expanded its operations in Saudi Arabia substantially in 2023 with the acquisition of a full investment license from the Saudi Capital Market Authority and the planned opening of a GII office in Riyadh this year. 
A leading Shariah-compliant global alternative investment company with over $3.5 billion of assets under management, GII already has several investments within the Kingdom.
In May 2022, GII took a majority share in the Al Meswak Medical Group for $600 million co-partnering with the giant Saudi Jadwa Investment management and advisory firm.
Al Meswak has the largest chain of dental and dermatology clinics in Saudi Arabia, comprising over 90 facilities in more than 37 Saudi cities, plus the recent acquisition of two dental clinics in Abu Dhabi’s Al Ain region in the UAE.
Fawaz Al Tamimi, chairman of the GII office in Saudi Arabia, said: “I am delighted that GII has been successful in its bid to play a stronger role in the Kingdom’s impressive investment story. Combining my experience on the GII Board and knowledge of Saudi Arabia’s business landscape with GII’s undoubted talent for spotting investment opportunities can increase the returns for our current shareholders and new partners through our expanded Saudi operations.” 
Mohammed Alhassan, GII’s co-founder and co-CEO, said: “This new investment license underlines our willingness to expand our existing relationships in the Kingdom. GII’s Saudi investment operations support the Financial Sector Development Plan of Saudi Arabia’s Vision 2030 to diversify the nation’s alternative asset management options, plus other development initiatives by acquisitions and co-investments with Saudi and other investors.”
Fellow GII co-founder and co-CEO Pankaj Gupta said: “GII has already recognized the plethora of opportunities in Saudi Arabia, boosting its existing operations in the agribusiness, healthcare, education and logistics sectors. This investment license and a physical presence in Riyadh can supercharge our operations across the Kingdom and beyond, powered by GII’s network of investment relationships and its international offices across the GCC, Europe, the USA and India.”

 


ALJ Motors champions Toyota SUVs’ off-road legacy

Updated 07 January 2026
Follow

ALJ Motors champions Toyota SUVs’ off-road legacy

Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia since 1955, has launched the second edition of its off-road initiative — an immersive driving experience designed to engage guests and showcase the real-world capabilities of Toyota’s SUV lineup in the Kingdom’s desert terrains. The activation takes place on weekends, starting initially in Riyadh and continuing through Jeddah, before concluding in Dammam on Jan. 24.
The multi-city activation is designed to engage guests through Toyota’s SUV lineup in fun and exciting ways, offering a hands-on opportunity to experience vehicle performance, control, and versatility. The lineup features a wide range of Toyota SUV models, including the Land Cruiser HEV Max, a hybrid vehicle built for performance. Beyond the off-road drives, the activation offers a welcoming weekend setting with supporting activities suitable for families and younger guests, creating a well-rounded experience for visitors of all ages.
Building on the success of its inaugural edition, which welcomed more than 4,500 participants and attracted over 10,000 attendees, the second edition continues to focus on meaningful guest engagement through interactive and experiential driving activities while emphasizing safety, trust, and enjoyment. Through this approach, ALJ Motors champions Toyota’s off-road legacy while creating an experience that further connects guests with Toyota’s renowned SUV lineup.
Shahad Nassier, managing director of marketing communications at ALJ Motors, said: “Following the strong response to the inaugural season, the return of this off-road experience allows us to continue engaging our guests in an authentic and exciting way. In this second edition, we have further refined the driving routes and elevated the overall experience to better serve our guests and their families. By bringing Toyota’s SUV lineup into real desert environments, we provide an opportunity for guests to experience vehicle performance firsthand, while reinforcing the values of reliability and capability that have long defined Toyota’s presence in the Kingdom.”
The experiential initiative deepens guest relationships, supports informed vehicle choice, and reflects ALJ Motors’ ongoing role in delivering reliable and diversified mobility solutions across the Kingdom, in line with Saudi Vision 2030. 
Guests interested in participating in the off-road experience can register for the upcoming activations in Jeddah on Jan. 9-10, followed by Dammam on Jan. 16-17 and 23-24, through ALJ Motors’ official social channels.