GII, a leading global Shari’ah-compliant alternative investment company, has announced the completion of a minority equity investment in Hotpack Global Holding, one of the GCC’s largest food packaging manufacturers.
The investment proceeds are intended primarily to support Hotpack’s continued growth, including the increase of recently commissioned manufacturing capacity, and the company’s ongoing international expansion strategy.
This acquisition further cements GII’s position as one of the most active Private Equity players in the region. This Hotpack deal represents a strategic expansion into the manufacturing sector, complementing GII’s recent high-profile transactions across healthcare, education, and logistics.
Manufacturing leader
By investing in a Dubai-headquartered manufacturing leader that operates 25 facilities and serves over 100 countries, GII is directly supporting the UAE’s ‘Operation 300bn’ strategy to increase the industrial sector’s contribution to the GDP.
Among the key near-term milestones is the commissioning of Hotpack’s new manufacturing facility in Al Kharj, Saudi Arabia — among the largest specialised food packaging projects in the Kingdom to date — anchored by long-term supply agreements with marquee customers and expected to significantly expand the company’s KSA production capacity.
Continued expansion
“We look forward to working closely with Hotpack’s other Board members to drive its continued expansion and business success,” stated GII’s co-Founders and co-CEOs, Mohammed Alhassan and Pankaj Gupta, in a joint statement.
“GII’s investment gives us the momentum to accelerate our next phase of growth — expanding manufacturing capacity, entering new markets, and continuing our shift towards sustainable packaging. We are proud to have GII as a partner that shares our long-term vision,” commented Abdul Jebbar, Founder & Managing Director, Hotpack Global.
