Jadwa Investment is located in Riyadh and offers services in the area of investments for government-based organizations, corporations and individuals. The full-service and Sharia-compliant bank was first incorporated in August 2006 and began operations six months later.
In less than a decade, the number of private equity transactions that Jadwa has completed total more than five billion riyal. The versatility of its work force has managed to complete transactions in a wide range of industries.
These businesses not only include oil, but lubricants as well. Add to that industrial and manufacturing concerns, building materials, waste management, consumer electronics, the food and beverage industry as well as hospitality and entertainment entities.
Presently, Jadwa Investment is managing 20-billion riyal worth of investments, which includes fixed income and real estate concerns along with private and public equity. The real estate effort has picked up speed in recent years due to strong demand when it comes to new homes.
The growth of the country’s population has served as the impetus for this surge, though programs set up by the government haven’t progressed at an acceptable level. The plan is for Jadwa to connect with developers, with the focus split between the residential market and those geared toward hospitality and retail firms. The three cities that the company plans to originally focus on are Madina, Mecca and Riyadh.
Ranking in the top three when it comes to the biggest public equity asset managers in Saudi Arabia, Jadwa is still basking in the glow of a pair of prestigious awards that recognized its work.
In the first month of 2016, Finance Monthly Magazine named Jadwa Investment as Saudi Arabia’s Top Private Equity Firm for 2015. Just one week earlier, Euromoney Magazine recognized Jadwa with an award for Best Innovation in Islamic Finance.