As a long-term investor, we look at the commercial viability of each investment based on sound financial, strategic and governance principles. We work to foster long term partnerships with companies with proven track records of growth and profitability, an effective management team and the potential for continued expansion.
The fruits of our partnership approach can be seen in our new investments made this year both in the region and internationally.
FAI Aviation Group
Our first international investment in aviation was made in FAI Aviation Group, a leading global provider of mission-critical aviation services in Germany, offering fixed-wing air ambulance, special missions, charter and aircraft management, as well as full MRO services.
NAS UNITED HEALTHCARE SERVICES
We’ve entered the health insurance market by partnering with Arcapita, a global alternative investment firm to acquire an approximately 90% stake in NAS United Healthcare Services, a regional leader in the provision of third-party administrator (“TPA”) services to health insurance and takaful companies in the Arabian Gulf region.
We also made our first real estate investment in the United Arab Emirates in partnership with Arcapita by acquiring Dubai Industrial Portfolio which consists of a portfolio of light industrial warehouse assets.
These have been supplemented by our new acquisitions within the co-investment programme with RDIF. Originally launched in December 2014 with a commitment to invest US $250 million over a period of 5 years, we have deployed over 50% of the committed funds in 14 growing companies operating in a variety of sectors including retail, logistics, transportation, infrastructure, manufacturing, development and technology to date.
This year these included the following: