The Islamic Investments Company part of the Saudi pioneer group of Islamic Investments Shari'ah compliant Private Equity Fund

January - 2007

Haya Rashed Al Khalifa Law Firm acted on behalf of one of the group's subsidiaries For Investment Funds Ltd in the creation of the $100 million Private Equity Fund (the 'Fund'). The Fund currently has a total of $1.5 billion under its management. 

This Fund is a closed-end private equity fund, incorporated in the Kingdom of Bahrain and regulated by the Central Bank of Bahrain (Previously Bahrain Monetary Agency), that offers an investors an opportunity to invest in the GCC equity markets.

The five-year Private Equity Fund, with a minimum subscription of $250,000, will invest in late stage private equity investments and pre-IPOs.

The HRAKLF team was headed by Arash Saidi, the firms specialist in Collective Investment Schemes and Funds.

Details about Al-Tawfeek and the Fund can be found here.