Rakiza Fund raises $1 billion towards infrastructure investments
Published: 01:03 PM,Mar 21,2023 | EDITED : 05:03 PM,Mar 21,2023
Muneer bin Ali al Muneeri, CEO of Rakiza Fund
The Oman Infrastructure Fund (Rakiza), which is jointly managed by Oman Infrastructure Investment Management (an affiliate of Oman Investment Authority) and London-based investment fund Equitix, has announced the successful closing of a fund with an investment in excess of $1 billion
Rakiza said in a statement to ONA that Fund has invested 25 per cent of the capital in three projects: a 30 per cent stake in the portfolio of passive telecom towers in the Sultanate of Oman, and 31 per cent stake in the container terminal in Sohar Port, and a majority stake in the new Central Fruits & Vegetables in Khazaen Economic City.
Muneer bin Ali al Muneeri, CEO of Rakiza Fund, said that the success of the private placement is an important step towards achieving the goals of the Fund, which is designed to add value to strategic investments in the region.
Hugh Crossley, Co-Founder and CEO of Equitix, said the Fund will generate dividends through investments in development and implementation of infrastructure projects in the Sultanate of Oman. He credited the Fund’s success to the efforts of the local investment teams at the fund's headquarters in Muscat.
Rakiza Fund's investments in Oman focus on the telecommunications, energy, water, transportation, logistics, infrastructure and renewable energy sectors with the aim of achieving stable returns from these ventures. The Fund seeks to create value through its investments while supporting the achievement of the financial sustainability goals set by its main investors by taking into account environmental, social and institutional governance factors, in addition to making a positive long-term impact on financial performance, society and the environment.
Rakiza said in a statement to ONA that Fund has invested 25 per cent of the capital in three projects: a 30 per cent stake in the portfolio of passive telecom towers in the Sultanate of Oman, and 31 per cent stake in the container terminal in Sohar Port, and a majority stake in the new Central Fruits & Vegetables in Khazaen Economic City.
Muneer bin Ali al Muneeri, CEO of Rakiza Fund, said that the success of the private placement is an important step towards achieving the goals of the Fund, which is designed to add value to strategic investments in the region.
Hugh Crossley, Co-Founder and CEO of Equitix, said the Fund will generate dividends through investments in development and implementation of infrastructure projects in the Sultanate of Oman. He credited the Fund’s success to the efforts of the local investment teams at the fund's headquarters in Muscat.
Rakiza Fund's investments in Oman focus on the telecommunications, energy, water, transportation, logistics, infrastructure and renewable energy sectors with the aim of achieving stable returns from these ventures. The Fund seeks to create value through its investments while supporting the achievement of the financial sustainability goals set by its main investors by taking into account environmental, social and institutional governance factors, in addition to making a positive long-term impact on financial performance, society and the environment.