Jadwa Investment , a leading Saudi Arabian investment management and advisory firm, has been awarded the “Best Private Equity House in the Middle East” by EMEA Finance as part of their annual Achievement Awards ceremony held recently in London. The award follows Jadwa’s completion of new private equity investments worth over SR1 billion during 2015.
Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, said: “This important achievement is a testament to the success of Jadwa’s private equity business model and the strength of its private equity team. We are proud to be representing Saudi Arabia on this international platform, and I would like to take the opportunity to thank our private equity partners and investors for their continued trust in our ability to add value and generate superior investment returns.”
Saad Al-Saif, Jadwa’s Managing Director & Head of Private Equity and Investment Banking, added: “2015 proved to be another exceptional year for Jadwa’s private equity platform with high-profile investments in Saudi Arabia and the GCC. We are pleased to receive this award for the second time, which further cements our position as the partner of choice. We look forward to continue partnering with shareholders of leading businesses and working closely with them towards realizing their companies’ full potential.”
Jadwa announced recently the acquisition of a majority stake in Saudi Mechanical Industries, a Saudi based engineering components manufacturer, in partnership with the Arab Petroleum Investments Corporation, and the acquisition of a significant minority stake in Totters Group, a United Arab Emirates based integrated petrochemical by-products and used lube-oil processing, trading and logistics company. In addition, two of Jadwa’s portfolio companies, Al Hammadi Company for Development and Investment and Abdulmohsen Al Hokair Group for Tourism and Development, have been listed on the Saudi Stock Exchange and have witnessed strong demand, with each IPO being oversubscribed by 12 times. — SG
