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Dear Valued Stakeholders,
The second quarter of 2026 has continued the momentum we set out at the start of the year, marked by decisive execution across our platforms and deepening global reach.
We strengthened our mobility platform with the acquisitions of stakes in Massar Solutions and LeasePlan Emirates, building one of the region's leading fleet and leasing businesses. In aviation, we appointed Aimen Al Hosni, former CEO of Oman Airports, as Chairman of BlueFive Leasing, reinforcing the governance behind our $1.0 billion ambition for BlueFive Wings Fund I. And in one of our most significant transactions to date, we acquired a stake in Bugatti, becoming the largest investor behind Mate Rimac's Rimac Group.
We also advanced our ambition to build the first global insurance leader from the Middle East, agreeing a strategic investment in Gulf General Cooperative Insurance Company of Saudi Arabia, and backed CargoX, an autonomous delivery platform reshaping logistics across the UAE.
Our global footprint continued to expand. We opened our new office in London's Berkeley Square, and deepened our engagement with China, from Elite Agro's participation in the UAE-China Business Promotion Conference to our continued dialogue with academic and industry leaders at Tsinghua University. The China-Gulf corridor remains one of the most important investment relationships of the coming decade, and we intend to play a leading role in its next chapter.
None of this progress would be possible without the continued trust and partnership of our investors and stakeholders. We remain committed to disciplined execution and to building a platform defined by quality, access, and conviction.
Hazem Ben-Gacem
Founder and Chief Executive
14 April 2026
We are pleased to appoint Aimen Al Hosni as Chairman of BlueFive Leasing. Aimen brings over two decades of experience across aviation, infrastructure, and financial services, including serving as CEO of Oman Airports and Chairman of Airports Council International.
His appointment strengthens the platform's governance and global positioning at a pivotal moment of growth. BlueFive Leasing is among the first aircraft leasing platforms in the GCC, targeting a portfolio exceeding $1.0 billion through its inaugural fund, BlueFive Wings Fund I, a key step in connecting regional capital with high quality aviation assets.
21 April 2026
24 April 2026
BlueFive Capital has acquired a stake in supercar maker Bugatti. Since 2021, Bugatti operated as a joint venture with Porsche AG holding a 45% stake and Rimac Group holding 55%. Under this transaction, Porsche will fully divest its stake to a group of international investors, and BlueFive Capital will become the largest investor behind Mate Rimac's Rimac Group. We are proud to play a pivotal role in the next chapter of one of the automotive industry's most iconic brands, further expanding our portfolio of world class, high performance assets.
30 April 2026
BlueFive Capital is proud to officially open its London office in the heart of Berkeley Square, Mayfair. True to the spirit of London, our new space is already a hub of activity, welcoming clients, partners, and friends who share our vision.
It is a place for ideas, collaboration, and the pursuit of ambitious goals. Whenever you find yourself in London, please stop by. It would be our pleasure to welcome you and show you around our new home.
17 May 2026
BlueFive Capital has agreed a strategic investment in Gulf General Cooperative Insurance Company of Saudi Arabia. The signing ceremony took place in Riyadh between Founder and Chief Executive Hazem Ben-Gacem and GGI Chairman Mazen Altamimi.
The agreement strengthens GGI's financial position and creates a platform for sustainable growth, supported by BlueFive's disciplined approach to capital deployment and operational transformation. This marks an important step in our ambition to build the first global insurance leader from the Middle East, with the potential to expand a Shariah compliant platform across the GCC and beyond.
18 May 2026
BlueFive Capital has completed the acquisition of a 49% stake in Massar Solutions from Abu Dhabi National Energy Company, TAQA Group, marking an important milestone in our strategy to build a leading regional mobility platform.
Massar Solutions, part of Mubadala backed Solutions+, is one of the UAE's established mobility providers, founded in 1981 and managing a fleet of more than 8,500 vehicles across the UAE and Saudi Arabia, with expansion plans in Oman and Bahrain. Together with Solutions+, BlueFive will enhance operational integration and drive long term sustainable growth across the platform.
20 May 2026
BlueFive Capital sponsored the Zobnatica Horse Racing Event in Serbia, alongside our agriculture portfolio company Elite Agro Holding. The race was held at the historic Zobnatica grounds, home to a rich tradition of thoroughbred horse breeding.
Congratulations to New Hero, the winning horse from Zobnatica breeding, whose team received the BlueFive Capital trophy. We are proud to support platforms that connect communities, celebrate heritage, and create meaningful visibility for our portfolio companies across the regions in which we operate. Congratulations to all winners, organizers, and participants who made the event a success.
22 May 2026
BlueFive Capital Founder and Chief Executive Hazem Ben-Gacem participated in a China Gulf event at Schwarzman College, Tsinghua University. The discussion explored how the relationship between China and the GCC is evolving into a more sophisticated model of cooperation across private capital, technology, financial services, infrastructure, and advanced manufacturing.
We believe the China Gulf commercial corridor is becoming one of the most important investment corridors of the next decade, and we look forward to playing a leading role in its next chapter, defined by execution, alignment, and scalable platforms.
2 June 2026
BlueFive Capital is pleased to announce its investment in CargoX, an autonomous delivery platform based in the UAE, as part of a $250 million funding round. The company is led by Tomaso Rodriguez, former CEO of Talabat. CargoX is redefining logistics through driverless delivery vehicles deployed across last mile, middle mile, and long haul routes.
Successfully piloted on public roads in the UAE, the platform is now preparing to launch commercial operations across Abu Dhabi and Dubai, with plans to scale regionally. This investment reflects our commitment to backing transformative, technology driven platforms.
10 June 2026
BlueFive Capital has completed the acquisition of a 49% stake in LeasePlan Emirates from Ayvens, marking an important milestone in our strategy to build a leading regional mobility platform. This follows our recent acquisition of a stake in Massar Solutions.
LeasePlan Emirates is one of the UAE's leading mobility and car leasing companies, operating a fleet of around 7,000 vehicles for corporates, government entities, SMEs, and private individuals. Through this investment, BlueFive will work with Solutions+, which retains a 51% stake, to accelerate growth and support sustainable mobility solutions.
2 April 2026
BlueFive Capital extended warm Easter wishes to our investors, partners, and wider network, marking the occasion as a time for renewal, growth, and continued success.
26 May 2026
Wherever you were for Eid, we wish you time for reflection, gratitude, and meaningful moments with family and friends.