Finance
Saudi Private Equity Firm Jadwa Raises $266 Million for Mideast Deals
- Riyadh-based Jadwa may double size of fund for PE investments
- Firms like BlackRock have established Mideast funds this year
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Saudi Arabia’s Jadwa Investment Co. has raised as much as 1 billion riyals ($266 million) for a new fund to boost dealmaking, the latest sign of growing appetite for investment vehicles focused on the Middle East.
The private equity firm raised the money from entities linked to regional sovereign wealth funds and family offices, Jadwa said in a statement. It aims to grow its first blind pool fund to as much as 2 billion riyals by the first half of 2025, the Riyadh-based firm said.