Saudi Venture Capital (SVC) has invested in the Jadwa GCC Private Equity Fund 1, managed by Jadwa Investment.
The fund seeks to raise 1.5 billion Saudi riyals (approximately $400 million), with a maximum target of 2 billion Saudi riyals ($532.8 million), to focus on private equity investments across Saudi Arabia and the Gulf Cooperation Council (GCC) region.
SVC stated that this investment aligns with Saudi Arabia’s Vision 2030 goals and aims to bolster the growth of the country’s private equity market.
Dr. Nabeel Koshak, CEO and Board Member at SVC said: “Our investment in the private equity fund by Jadwa is aligned with SVC’s strategy of supporting the evolving private equity ecosystem in Saudi Arabia. This investment will stimulate and sustain funding for high-potential companies in Saudi Arabia, contributing to the economic diversification objectives of Saudi Vision 2030.”
Tariq Al-Sudairy, Managing Director & CEO of Jadwa Investment, said: “We are excited to have SVC on board as an investor in Jadwa GCC Private Equity Fund 1. This partnership reflects our shared commitment to identifying and nurturing high-potential companies across the GCC, with the goal of creating long-term value for our clients.”
Established in 2018, Saudi Venture Capital (SVC) is an investment firm under the SME Bank, which operates as part of the National Development Fund. SVC’s mission is to drive and sustain funding for startups and small to medium-sized enterprises (SMEs) across various stages, from pre-Seed to pre-IPO, through investments in funds and direct support for startups and SMEs.
Jadwa Investment, based in Riyadh with three regional offices, is a prominent investment management and advisory firm in the MENA region. It manages over SAR 90 billion in client assets, and its clientele includes government entities, domestic and international institutional investors, family offices, and high-net-worth individuals.
