Bunyah, a Shari’a compliant fund, was established to invest in equity or equity related investments in infrastructure projects and companies in the MENA region with a focus on the GCC. Bunyah offered regional investors, for the first time, the opportunity to invest in an asset class that would otherwise be unavailable, except to those companies and financial institutions with the specialist skills necessary to evaluate, structure and arrange direct infrastructure investment.

Instrata Capital as the manager of Bunyah has successfully invested in and currently manages a portfolio of infrastructure assets that include the following:

Al Dur Independent Water and Power Project (IWPP)
	Al Dur IWPP is a 1,234MW / 48 MIGD Build, Own, Operate (“BOO”) under a 25 year power and water purchase agreement. The USD 2.2 billion project, located on the southeast coast of the Kingdom of Bahrain, is being developed by GDF Suez in partnership with GIC and will be fully operational in 2011. Bunyah invested in the project in 2009, holds a 5% interest and holds a seat on the board of directors.

Barka 1 Independent Water and Power Project (IWPP)
	Barka 1 IWPP is a 456MW / 20 MIGD BOO under a 15 year power and water purchase agreement. The plant is connected and exports to the north Oman Grid; however, the power predominantly is consumed in the Muscat Governorate. In August 2010, Bunyah alongside its investment partner, ACWA Power, acquired an economic interest in the project. Bunyah holds approximately 8% of the underlying project and an approximate 14% interest in associated service companies. Bunyah holds a seat on the board of directors and the audit committee.