Saudi Investors to Benefit from Shariah-Compliant Leasing Opportunities in Europe
In a groundbreaking partnership between Kamco Invest and Flexam Invest, Saudi investors will now have access to Shariah-compliant leasing opportunities in Europe’s logistics and transportation sectors.
Memorandum of Understanding Signed in Riyadh
Kamco Invest Saudi, the Saudi arm of the Kuwait-based financial powerhouse, signed a memorandum of understanding with Flexam Invest at its regional headquarters in Riyadh. This partnership aims to provide innovative investment solutions to local investors.
Focus on Decarbonization and Portfolio Diversification
The leasing strategy will focus on opportunities within the logistics and transportation sectors, with an emphasis on decarbonizing new and existing assets. This agreement marks a significant step in broadening Kamco Invest Saudi’s portfolio of Shariah-compliant offerings.
Delivering Exceptional Value to Investors
CEO Mohammed Al-Faris expressed his excitement about the partnership, highlighting the potential for delivering exceptional value to investors through a managed risk approach. The collaboration aims to offer innovative investment solutions that are Shariah-compliant while contributing to a sustainable future.
Expanding Presence in Private Markets Sector
The MoU signifies Kamco Invest Saudi’s commitment to innovation and meeting the needs of its clients. The company’s strategic direction includes expanding its presence in the private markets sector and offering a wider array of investment opportunities that adhere to the highest standards of compliance and ethical investment.
Setting New Standards in Leasing Sector
Fabrice Fraikin, managing partner of Flexam, highlighted the importance of sustainable investment solutions that comply with Shariah laws. He expressed excitement about leveraging their expertise in real asset financing to set new standards in the leasing sector and support sustainability efforts in the logistics and transportation industries.
Expertise in Asset Financing for SMEs
Flexam specializes in asset financing for SMEs in Europe, particularly in the transportation and logistics sectors, with approximately $7 billion in assets under management. This partnership will help the company showcase its track record and penetrate the Saudi Arabian market.