CEO of Bafarat Investment Group to CNBC Arabia:
We signed a strategic partnership with Alawwal Capital, establishing two joint funds.
We launched a hospitality fund in Jeddah three months ago valued at 120 million SAR.
We launched a financing fund with Alawwal Capital amounting to 100 million SAR.
The financing fund targets three sectors: medical, retail, and e-commerce.
We are exploring opportunities in the medical sector and are conducting studies in the logistics sector.
We do not target companies with significant exposure to the stock market.
Acquiring companies saves time and effort compared to establishing a business from scratch.
In an interview with CNBC Arabia, Islam Khaled Bafarat, CEO of Bafarat Investment Group, stated that the group operates as a family investment office targeting investments across three main sectors.
He added that the group has signed a strategic partnership with Alawwal Capital, leading to the establishment of two joint funds. He noted that Alawwal Capital is a fully licensed Saudi asset management firm that has been operating in the sector for over 17 years.
Bafarat pointed out that a hospitality fund valued at 120 million SAR was launched in Jeddah three months ago. The project consists of a tower with approximately 227 units, and it is expected to begin welcoming guests next year.
At the same time, he highlighted the launch of a 100-million-SAR financing fund in collaboration with Alawwal Capital, mentioning that another fund will be launched in the upcoming period.
According to Bafarat, the financing fund targets three specific sectors: medical, retail, and e-commerce.
He further added that the group will focus on the private equity and private credit sectors, emphasizing that acquiring existing companies saves time and effort compared to building a company from scratch.
The CEO of Bafarat Investment Group indicated that the group is actively exploring opportunities in the medical sector and is currently conducting studies regarding the logistics sector.
He clarified that Bafarat Investment does not target companies that have strong ties to the stock market.
Furthermore, Bafarat noted that there is significant demand in the Saudi hospitality sector and that the volume of investments in this sector needs to increase.
