Where we invest
Eight sectors. Held with conviction.
A concentrated map of the industries where we believe Doha-anchored capital, regional insight and patient ownership compound the strongest returns.
Sector Discipline
We invest where we have an edge — and pass on the rest.
We hold sector specialists, not generalists. Each of the industries below is led by a partner who has spent at least a decade operating, investing or advising within it — and who is accountable for the firm's view, pipeline and outcomes within their domain.
Concentration is the discipline. We would rather hold a considered position in eight industries we genuinely understand than a token allocation across thirty we do not.
Healthcare
Care providers, diagnostics and life-sciences platforms serving the Gulf's growing demographics.
A young, fast-growing population is meeting a rising chronic-disease burden and a structural under-supply of acute and specialist capacity. We back operators turning that gap into platforms.
Focus
- — Multi-site clinics
- — Diagnostics & imaging
- — Specialty hospitals
Consumer
Premium consumer brands and modern retail across the GCC's young, affluent populations.
GCC consumers are young, digital-first and increasingly brand-conscious. We invest behind regional brands with genuine pricing power and the supply chains to scale.
Focus
- — Premium F&B
- — Specialty retail
- — Direct-to-consumer brands
Financial Services
Banking, asset management, insurance and fintech infrastructure across MENA.
Underpenetrated savings products, formalising SME credit and a wave of digital infrastructure are reshaping MENA finance. We back the operators building the rails.
Focus
- — Asset & wealth management
- — Insurance
- — Fintech infrastructure
Infrastructure
Long-duration assets — utilities, transportation, digital infrastructure — under regulatory frameworks.
Regulated, contracted, inflation-linked cashflows are scarce globally and abundant across the GCC's national plans. We underwrite the assets that will outlast us.
Focus
- — Digital infrastructure
- — Transportation
- — Utilities
Energy Transition
Renewables, hydrogen, storage and the technologies powering the Gulf's energy diversification.
The Gulf is repositioning from hydrocarbons to clean molecules and electrons at unprecedented speed. We back the supply-chain layers that capture durable margin.
Focus
- — Solar & storage
- — Green hydrogen value chain
- — Grid-scale enablers
Real Estate & Hospitality
Trophy commercial, premium hospitality and select residential across gateway cities.
Doha, Riyadh, Dubai, London and Paris remain magnetic to global capital and talent. We acquire well-located assets, hold them for decades and manage them actively.
Focus
- — Trophy commercial
- — Luxury hospitality
- — Branded residential
Technology
Software, fintech and digital platforms with proven economics and regional moats.
We invest only in technology businesses with clear unit economics, defensible moats and a credible path to durable cash generation — not narrative-led venture.
Focus
- — Vertical SaaS
- — Fintech & embedded finance
- — Marketplace platforms
Industrials
Specialty industrials, materials and logistics aligned with Gulf diversification agendas.
National industrial strategies across the GCC are reshoring critical capacity. We partner with operators serving long-cycle, high-quality industrial demand.
Focus
- — Specialty chemicals
- — Logistics & cold chain
- — Advanced manufacturing
Geographic Focus
Anchored in the Gulf. Active globally.
Our origination is concentrated where our network is deepest — and our deployment follows opportunity wherever it offers the right risk-adjusted return.
Our home market — direct investment, real estate, infrastructure participation and family office stewardship from our headquarters in West Bay.
Saudi Arabia, UAE, Kuwait, Oman and Bahrain — primary geography for private equity, energy transition and regional infrastructure.
Selective opportunities across Egypt, Jordan and the Levant where Gulf capital can underwrite scarce, defensible platforms.
London, Paris, Frankfurt, New York — global public markets, trophy real estate and access to specialist alternatives managers.
The Discipline
What we will not do.
We do not invest in tobacco, gambling, controversial weapons or any business whose primary economic engine conflicts with our values or the values of the families we serve.
We do not chase sectors we do not understand. We do not deploy capital to a calendar. We do not participate in transactions where our presence is purely financial — we partner only where we can add governance, operating insight or long-horizon stability.
And we do not lead with leverage. Capital structure is a tool to be used carefully, not a thesis in itself.