Mal, announces it’s launch as the UAE’s first AI-native Islamic digital bank headquartered in Abu Dhabi, as well as the closing of its first investment round at $230 million, led by Abu Dhabi based asset manager, BlueFive Capital.

BlueFive Capital, a global investment platform, has been appointed as the first General Partner (GP) for a Fund of Funds established by CICC Capital, the private equity arm of China International Capital Corporation (CICC), and Chinese steelmaker HBIS Group.

BlueFive Capital today announced the launch of BlueFive Insurance, a dedicated platform to lead the consolidation, digitisation, and specialisation of the insurance industry across the Gulf Cooperation Council (GCC) and beyond.

Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter on one site, announced a strategic partnership with Shandong Innovation Group (SIG), a fully integrated global aluminium materials manufacturer, and BlueFive Capital, a global investment firm specialising in cross-border business between the GCC and Asia.

BlueFive Capital, a global investment solutions platform, has announced the launch of its legal entity in the Sultanate of Oman, BlueFive Capital Majan SPC, reinforcing the firm’s long-term commitment to the country and its growing role within the Gulf Cooperation Council (GCC).

Singapore, October 2, 2025 — Sriwijaya Capital, a Southeast Asia-focused private equity firm, founded by prominent Indonesian business leader, Arsjad Rasjid, has signed a Memorandum of Understanding (“MoU”) with Abu Dhabi-based BlueFive Capital to form a strategic alliance aimed at strengthening capital flow between the Gulf and Southeast Asia.

Al Murjan Group, one of Saudi Arabia’s most established and respected family business groups, and BlueFive Capital, a global investment platform, are pleased to announce a cross-shareholding strategic linkup to co-develop a global platform for Islamic finance.

BlueFive Capital today announced the full integration of private wealth manager Neo Capital, which manages $650 million in assets. Effective immediately, the new entity will operate as BlueFive Private Wealth, leveraging Neo’s real estate expertise and BlueFive’s global reach to serve ultra-high-net-worth (UHNW) investors throughout the Gulf Cooperation Council (GCC) and international markets.

CICC Capital, the private equity investment platform of China International Capital Corporation Limited, teamed up with BlueFive Capital, a global investment platform originating out of the GCC, to collaborate on the establishment of a fund targeting Chinese companies in the new economy sector, focusing on expanding their business activities in the GCC markets.