عربي

Jada Fund of Funds company invests in Alpha Capital

Jada Fund of Funds company invests in Alpha Capital

Source: Saudi 24 news

“Jada” Fund of Funds Company, which is one of the Public Investment Fund companies, has signed a new investment agreement with the Saudi Alpha Financial Fund for Private Equity, in implementation of the goals and objectives of the company and in strengthening its vital effective role in supporting the investment funds sector in private equity, in line with the Kingdom’s Vision 2030.

The signing of the investment agreement was witnessed by the CEO of “Jada” Adel Al-Ateeq, the Managing Director and CEO of Alpha Financial Company Fahd bin Khalid Al-Saud, and a number of members of the two teams.The Saudi Alpha Financial Fund for Private Equity aims to achieve capital gains by investing in Saudi companies that are in the growth stage in the food and beverage sector, enabling companies to achieve growth and expansion opportunities.

The Saudi Alpha Finance Private Equity Fund is one of the first Saudi funds targeting the growth stage, and its capital has been fully covered.Adel Al-Ateeq, CEO of “Jeda”, said that this investment comes as the company’s first investment in private equity funds after investing previously in several investment funds for venture capital, and it is an expression of our confidence in the capabilities of the investment team at Alpha Financial to implement the fund’s investment strategy and work to achieve returns. Which investors are looking for in accordance with international best practices in fund management

Jada had established the effect of a decision issued by the Council of Ministers to provide a thriving system for private ownership and bold capital in order to form an essential element for the long-term success of the small and medium-sized enterprise sector in the Kingdom by stimulating investment in private equity funds and venture investment, and contributing to financing the growth of companies. Small and medium-sized enterprises in the Kingdom and the active participation in managing these companies through these funds in a sustainable manner. The Public Investment Fund established a “Jada” company with an investment capital of four billion riyals, as its establishment is an important part of the Kingdom’s 2030 vision.

In addition, Fahd bin Khalid Al Saud, Managing Director and CEO of Alpha Financial, said, “The Saudi Alpha Financial Fund for Private Equity aims to develop capital in the long term by investing in companies that have the potential to grow and expand, and are managed by capable and ambitious entrepreneurs, and will supervise The fund management has an investment team distinguished by a diversity of experiences in the fields of fund management, strategy and corporate governance.

Thank you

Please check your email to confirm your subscription.