Quoted

“We go where the money is and where the deals are. We have a lot of faith in Saudi.”

Mohammed Alhassan, co-founder of Gulf Islamic Investments LLC, a financial services firm that oversees nearly $2 billion. The firm plans to buy a stake in a Saudi health-care company for around $600 million, and is looking to plow around $1 billion into the kingdom over the next year to 18 months, with investments also targeted at logistics and cloud kitchens. [Bloomberg]





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