Rakiza, a private equity infrastructure fund investing in Oman and Saudi Arabia, announced that it has received a capital commitment of $300 million from the Public Investment Fund (PIF). Rakiza is co-managed by Oman Infrastructure Investment Management (OIM) and Equitix.
Rakiza invests in infrastructure projects in Saudi Arabia and Oman focusing on renewables, power, water, social infrastructure, telecommunications, transport and logistics sectors.
“We are very pleased to be announcing our partnership with PIF, one of the largest sovereign wealth funds in the world. The Sultanate of Oman and Kingdom of Saudi Arabia share public policy support for privatization, and is key to Rakiza’s investment strategy to foster capital market growth, foreign direct investment, and privatization. As part of this, the Rakiza Fund is proud to partner with PIF, which greatly enhances strategic value for all our stakeholders,” Muneer Al Muneeri, CEO of OIM, said.
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