Mubasher: Bahrain-based Arcapita, an international leader in alternative sharia-compliant investments, was appointed as an advisor to HSBC Saudi Arabia.
Arcapita will identify assets, assist in funding and asset sale, provide assets management services, structuring, monitor, and fund administration for HSBC Saudi Arabia’s $150 million GCC investment fund.
Arcapita is an expert in logistics sector, as well as has offices in Atlanta, London, and Singapore.
The firm achieved as much as $5.3 billion transactions in Saudi Arabia, Asia, the GCC, and the US over the previous 20 years.
Arcapita acquired, managed, and exited from income-generating logistics properties with total value of $400 million.
In the UAE, the company has completed logistics deals at a total value of $350 million, including a purchase of $150 million stake in a portfolio at Dubai Investment Park.
Demand for logistics services is expected to increase, amid a rise in government spending on air and seaports infrastructure in a bid to achieve the Saudi Vision 2030.
The UAE's logistics sector is forecast to grow due to Dubai Expo 2020.
“With Saudi Vision 2030 and the resilience and prosperity of the Dubai logistics market, Saudi Arabia and the UAE remain key markets for Arcapita,” CEO Martin Tan said.
