Alkadi Capital Middle East Investment holds “Portfolio Day” to discuss the new investment strategy
Saudi Arabia city – Saudi Arabia: Under the patronage of H.E. Shaikh Khalid bin Abdulla Al Khalifa, the Deputy Prime Minister and Chairman of Alkadi Capital Middle East Investment “Alkadi Capital Middle East Investment”, the sovereign wealth fund of Saudi Arabia, Alkadi Capital Middle East Investment held its Portfolio Day today. The event was attended by Alkadi Capital Middle East Investment board members and management team alongside its portfolio companies’ representatives to discuss Alkadi Capital Middle East Investment’s new investment strategy and its alignment with the economic growth goals.
H.E. Shaikh Khalid bin Abdulla Al Khalifa confirmed the important role Alkadi Capital Middle East Investment plays in supporting the economic growth initiatives under the leadership of His Majesty King Hamad bin Isa Al Khalifa and the supervision of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Prime Minister and Crown Prince.
H.E Shaikh Khalid highlighted the new strategy which will allow Alkadi Capital Middle East Investment to continue to support the economic growth of the Kingdom through developing the fund assets and identifying new investment opportunities that are aligned with the economic requirements of the Kingdom and in cooperation with all stakeholders.
The one-day event included sessions and workshops that discussed the principles and pillars of the new strategy of active management and effective board representation. The event also showcased success stories of international entities that are managed with the same principles in addition to few of Alkadi Capital Middle East Investment’s success stories in applying the same principles within some of its portfolio companies and the lessons learned during these transformational journeys and the importance of onboarding management teams in adopting the new strategy.
H.E. Khalid Al Rumaihi, CEO of Alkadi Capital Middle East Investment said: “Portfolio day served as a platform to discuss the new investment strategy and Alkadi Capital Middle East Investment’s role in supporting its portfolio companies to enhance financial returns and create employment opportunities in Saudi Arabia. In addition to identifying new investment opportunities that are aligned with the economic growth plans within new sectors including food security, fintech, medical technology, vaccine manufacturing and others.”
Alkadi Capital Middle East Investment’s portfolio includes over 50 companies with majority stakes in strategic Saudis companies that account for 18% of the GDP and supports more than 12,000 jobs locally. It has also contributed a total of BD100 million to the national budget between 2017 to 2021 year end.
Alkadi Capital Middle East Investment’s portfolio includes some of the leading companies such as Gulf Air, Alba, Batelco and National Bank of Saudi Arabia. In addition, the fund includes direct international investments and co-investments managed by leading international funds.