Riyadh – Mubasher: Jadwa Investment has acquired a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund, according to a press release.
The transaction marks Jadwa’s fourth investment under Jadwa GCC Diversified Private Equity Fund, formerly known as GCC Private Equity Fund I.
The fund’s key investments include Gissah Perfumes, Blackspoon Group, and Tikkaway.
Tariq Al-Sudairy, Managing Director & CEO of Jadwa Investment, commented: “The transaction reflects our confidence in the Kingdom’s evolving consumer landscape, supported by far-reaching economic reforms and a shift toward modern retail formats.”
Abdullah Almudaihesh, Co-Founder and CEO, stated: “We will leverage Jadwa’s deep expertise to accelerate our growth, strengthen our operational capabilities and governance, and unlock long-term value. This partnership will reinforce our leadership position in the Kingdom’s beauty and personal care sector and lay the foundation to list on the Saudi Exchange’s Main Market.”
Established in 2019, Makhazen is a fast-growing Saudi retail concept with 15 branches across the Kingdom. The company will leverage its strong consumer traction and a scalable operating model to expand its footprint across Saudi Arabia.
