Fajr Capital Explained

Fajr Capital
Type:	Limited liability company
Foundation:	2009
Location:	Dubai International Financial Centre,
Key People:	Iqbal Khan, CEO
Num Employees:	15,000+ (including its portfolio companies)

Fajr Capital is a sovereign-backed private equity firm, with a focus on strategic high-growth sectors in key Organisation of Islamic Cooperation (OIC) markets.^[1] Headquartered in the Dubai International Financial Centre, Fajr Capital has a diverse portfolio consisting of businesses operating in over 10 key MENA and ASEAN markets, including: Brunei Darussalam, Egypt, Malaysia, Oman, Saudi Arabia, Turkmenistan and United Arab Emirates.^[2]

History

Fajr Capital launched in 2009 with the financial backing of prominent sovereign investment bodies: Khazanah Nasional of Malaysia, Brunei Investment Agency and Abu Dhabi Investment Council, and the private Saudi-based firm MASIC.^[3]

With over USD 700m in committed capital, Fajr Capital is led by CEO Iqbal Khan.^[4] The company’s Board of Directors, chaired by Adib Al Zamil from the Zamil Group, comprises senior international economic and business leaders.^[5]

Portfolio Companies

Fajr Capital has invested in several financial services and real economy companies, including the following announced transactions:

• Bank Islam Brunei Darussalam – Brunei’s largest bank and flagship Islamic financial institution^[6]
• Cravia – One of the retail food and beverage franchise operators in the Middle East^[7]
• GEMS Education – International education company. GEMS Education is the world’s largest provider of K-12 private education – operating more than 50 schools, educating over 140,000 students and employing over 13,000 people across 19 markets in the Middle East, North America, Europe, Asia and Africa^[8]
• MENA Infrastructure – Dedicated infrastructure asset manager focusing on the MENA region and Turkey. The Fund has invested in Alexandria International Container Terminals, United Power Company, Hajr Electricity Production Company, and Sohar Power Company SAOG^[9]
• National Petroleum Services – one of the largest regionally owned oilfield service companies, with approximately 1,300 employees^[10]
• Tamar Energy – a renewable energy company focusing on anaerobic digestion and offering a range of composting services^[11]

See also

• Noor Menai

References

1. Web site: Home . fajrcapital.com.
2. Web site: Media Pack « Fajr Capital . www.fajrcapital.com . dead . https://web.archive.org/web/20130710061759/http://www.fajrcapital.com/media-pack/ . 2013-07-10.
3. Web site: Error.
4. Web site: Management Team - Fajr Capital.
5. Web site: Board of Directors - Fajr Capital.
6. Web site: Fajr Capital buys stake in BIBD | the Brunei Times . 2014-07-09 . https://web.archive.org/web/20140714222417/http://www.bt.com.bn/news-national/2011/03/24/fajr-capital-buys-stake-bibd . 2014-07-14 . dead .
7. Web site: Error.
8. Web site: Fajr-led group takes stake in UAE-based Gems Education The National . www.thenational.ae . dead . https://web.archive.org/web/20141016124730/http://www.thenational.ae/business/economy/fajr-led-group-takes-stake-in-uae-based-gems-education . 2014-10-16.
9. Web site: Dubai's DIC sells stake in $300 mln MENA infrastructure fund . .
10. Web site: CPI Financial | CPI Financial News | Banking and Financial News,Islamic Business and Finance, Commercial Banking | Fajr Capital-led consortium acquires National Petroleum Services . 2014-07-09 . 2014-07-15 . https://web.archive.org/web/20140715024601/http://www.cpifinancial.net/news/post/26437/fajr-capital-led-consortium-acquires-national-petroleum-services . dead .
11. Web site: REG - RIT Cap. Partners - Launch of Tamar Energy . . 2021-07-05 . 2014-07-14 . https://web.archive.org/web/20140714162554/http://www.reuters.com/article/2012/02/22/idUS84694+22-Feb-2012+RNS20120222 . bot: unknown .