Najm CapitalNajm Fund I + Co-InvestGCC growth equity, infrastructure, and strategic buyouts · Q1 2026 reporting
3
K. Al Rashidi · Director
KR
All positions
Network International
NYSE: NIMacro riskPayment Processing·Financial Services Disruption·Take-Private·Invested 2021·6% stake
Position
Mark1.05x
Gross IRR2%
Invested$150M
LatestNo recent touchpoints recorded.
Ownership + team
6% stake · Observer rights via BrookfieldCommon equity
MENA payments processor · 1.05x mark · Brookfield take-private thesis intact but GCC macro softness and oil-price sensitivity slowing merchant spend recovery
Ask about Network International · pulls from SharePoint memos + Snowflake fund DB + firm memory
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Financial profileLatest as of 2026-03-31
Transaction volume$42BLTM Q1 2026 · +9% YoY
Revenue$380MMerchant acquiring + processing fees
MOIC1.05x$2.2B entry → $2.3B mark
EBITDA margin38%Up from 34% at take-private
Three-way benchmark
Transaction volumemeasured in $B
Actual
Thesis target
VCP plan
Peer median
Performance update
Transaction volume $42B LTM · +9% YoY · Africa segment growing 28% offsetting MENA softness
EBITDA margin 38% · +400bps from take-private · cost programme delivering
Cloud migration 70% complete · full completion targeted Q4 2026
Brookfield evaluating exit options: ADX re-listing vs. strategic sale in 2027