Fajr Capital

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Fajr Capital is a leading sovereign-backed investment firm, which focuses on financial services and broader strategic sectors in high-growth Organisation of Islamic Cooperation (OIC) markets. Headquartered in the Dubai International Financial Centre, Fajr Capital has a diverse portfolio consisting of promising businesses operating in over 10 key MENA and ASEAN markets, including: Saudi Arabia, United Arab Emirates, Malaysia, Egypt, Oman, Libya, and Brunei Darussalam.

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.

The company was founded on the basis of a shared vision to unlock the true potential of the Organisation of Islamic Cooperation region. Against this backdrop, Fajr Capital has "developed a robust framework to not only pinpoint the most attractive investment opportunities in the OIC world, but also create significant long-term value for local communities".

With over USD 700m in committed capital, Fajr Capital is led by CEO Iqbal Khan and a team of seasoned investment professionals with a previous track record at global financial services institutions such as HSBC. The company’s Board of Directors, chaired by Adib Al Zamil from the Zamil Group, comprises senior international economic and business leaders.

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
  • 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
  • National Petroleum Services - one of the largest regionally owned oilfield service companies, with approximately 1,300 employees
  • Tamar Energy - a pioneering renewable energy company focusing on anaerobic digestion and offering a range of composting services
  • Fajr Capital Advisors - a specialist advisory firm leveraging Fajr Capital’s close familiarity with and connectivity in OIC markets

Awards

In 2009, Fajr Capital was awarded the Best Private Equity House at the IFN Awards Ceremony.

In September 2012, Fajr Capital's CEO, Iqbal Khan, received the The Royal Award For Islamic Finance, by His Majesty Tuanku Abdul Halim Mu’adzam Shah, the King of Malaysia.

Fajr Capital was recognised as the Best Islamic Private Equity House by The Asset Magazine in May 2014.