Saudi PE Firm Jadwa Eyes $530 Million Fund for Mideast Deals
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Saudi private equity firm Jadwa Investment Co. is planning to raise as much as 2 billion riyals ($530 million) for a new fund to boost dealmaking in fast-growing oil exporting countries in the Middle East.
The firm is raising its first blind pool fund with a view to taking significant minority stakes or larger in as many as 12 companies over the next three years, Jadwa said in a statement to Bloomberg. It will target investments in Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain and Oman, an economic bloc known as the Gulf Cooperation Council, of GCC.