7 days ago
Rakiza joins UN Principles for Responsible Investment
MUSCAT: Oman Infrastructure Investment Management (Rakiza), a dedicated infrastructure fund manager based in Oman, has joined the UN-supported Principles for Responsible Investment (UNPRI). This move reaffirms Rakiza's commitment to building sustainable infrastructure through a disciplined, responsible investment approach.
Rakiza is currently the only infrastructure fund manager among signatories in the GCC and becomes one of only two UNPRI signatories based in Oman. 'ESG is not new to us — it's built into our investment process, asset management and decision-making,' said Muneer al Muneeri, CEO of Rakiza. 'Becoming a UNPRI signatory is about reinforcing that commitment publicly and contributing to the global benchmark for responsible infrastructure investment.' Rakiza co-manages Rakiza Fund I, which targets essential infrastructure sectors such as renewable energy, utilities, telecommunications, digital infrastructure, transport and logistics; and social infrastructure in Oman and Saudi Arabia. As fund manager, Rakiza prioritises long-term value creation, responsible stewardship and alignment with regional sustainability goals — with ESG principles integrated across the full investment lifecycle.
'We are delighted to welcome Rakiza as a PRI signatory,' said David Atkin, CEO of the PRI. 'Responsible investment is naturally aligned with infrastructure, given its long-term horizon as an asset class and its potential to shape sustainability outcomes. We look forward to working with Rakiza as part of our global signatory base.' The UNPRI's six principles offer a global framework for institutional investors to incorporate ESG factors into their investment and ownership decisions. By becoming a signatory, Rakiza commits to these principles and to reporting transparently on how ESG is embedded into its investment practices.
Caption: Muneer al Muneeri, CEO of Rakiza
