Wednesday 22 / January / 2025
Muscat: Rakiza, an infrastructure fund investing in the Sultanate of Oman and the Kingdom of Saudi Arabia, held its Annual General Meeting last week in the presence of Abdulsalam bin Mohammed Al Murshidi, President of the Oman Investment Authority (OIA) and its investors.
Muneer bin Ali Al Muneeri, CEO of Rakiza thanked the Fund’s first close institutional investors, the Public Authority for Social Insurance, the Civil Service Employee Pension Fund, the Royal Oman Police Pension Fund, and other regional investors, for their support and trust in Rakiza.
He also praised the role of Rakiza’s strategic investors including sovereign wealth funds from the region.
Al Muneeri highlighted two key milestones of the fund; the final close of Fund 1 (in excess of its $1 billion target) and deploying 25 per cent of its capital in three infrastructure projects. As of today, Rakiza has acquired 30 per cent equity in a telecom tower portfolio in Oman; 31.25 per cent equity in a gateway container terminal in the Port of Sohar; and a majority shareholding in the new CentralFruit and Vegetable Market located in Khazaen.
Rakiza ranks as one of the largest infrastructure funds in the Middle East region, due to the strong institutional demand and has adopted best industry practices in ESG, governance, transparency, and investment management.
Rakiza is in the advanced stages of closing its first investment in Saudi Arabia and is pursuing further attractive opportunities in Oman and KSA.
At the close of the AGM, Al Muneeri thanked Rakiza’s management and team for their hard work, and extended gratitude to OIA’s leadership for their support and guidance which has been key to the Fund’s success.
