Cupid Ltd, a leading manufacturer of condoms, lubricants, and IVD kits, on Wednesday announced a strategic investment in GII Healthcare Investment Ltd, a healthcare-focused investment platform managed by Gulf Islamic Investments (GII).

While the company did not disclose the financial details of the deal, the move marks Cupid's entry into the Gulf region, expanding its international presence.

GII Healthcare Investment Ltd holds a significant minority stake in a leading healthcare provider in Saudi Arabia. GII is a prominent investment firm with over USD 3.5 billion in assets under management across Saudi Arabia, the UAE, Europe, the US, and India.