Makhazen: Jadwa Increases Stake in Saudi Retailer

Jadwa Investment, a major investment management and advisory firm in the Middle East, has announced its acquisition of a majority stake in Makhazen Alenaya, a burgeoning retail concept in Saudi Arabia. This investment has been made through Jadwa's flagship blind pool vehicle, the GCC Diversified Private Equity Fund. Makhazen Alenaya, established in 2019, operates 15 branches throughout the Kingdom and has distinguished itself in the beauty and personal care sector by offering an emerging multi-category specialist retail format. Jadwa's investment is its fourth via this fund, following previous investments in Gissah Perfumes, Blackspoon Group, and Tikkaway. The acquisition underscores Jadwa's strategic focus on high-growth businesses within Saudi Arabia's consumer landscape. Makhazen Alenaya will utilize Jadwa's expertise to augment its growth trajectory and potentially prepare for a future listing on the Saudi Exchange's Main Market.