The Jada Fund of Funds is pleased to announce its investment in the Jadwa GCC Private Equity Fund I, which is run by Jadwa Investment, one of the top MENA-based Shariah-compliant investment management and advisory firms. The CEO and managing director of Jada Fund of Funds, Bandr Alhomaly, and the CEO and managing director of Jadwa Investment, Tariq Al-Sudairy, signed the deal in Riyadh.
Jadwa Private Equity Fund for the GCC With a hard cap of SAR 2.0 billion, I want to raise SAR 1.5 billion. I will invest in businesses in the Gulf Cooperation Council (GCC), especially the Kingdom of Saudi Arabia. It is the first regional blind pool fund offered by Jadwa, which has operated 16 single asset funds since 2007.
Bandr Alhomaly, Managing Director and CEO of Jada Fund of Funds, said: “Backing Jadwa’s first regional blind pool fund demonstrates our commitment to supporting the evolving private equity space led by pioneering investment firms, with the aim to broaden the Kingdom’s private equity ecosystem and contribute to its economic diversification.”
Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, said: “We are excited to partner with Jada Fund of Funds and to contribute to the development of the private equity ecosystem in Saudi Arabia through our blind pool fund, the GCC Private Equity Fund I. This investment will provide the capital necessary to grow businesses and enable their contribution to the Kingdom’s economic transformation.”
By supporting a flourishing private equity ecosystem with programs like these, Jada Fund of Funds maintains Saudi Arabia’s standing as a desirable investment destination with an emphasis on long-term economic growth.
