Saudi PE Firm Jadwa Plans $104 Million Raise For Mideast Deals

Saudi Arabia’s Jadwa Investment Co. plans to raise as much as 400 million riyals ($104 million) for a fresh round of deals in the Middle East as it looks to expand its portfolio of companies and list them in the the region.

The private equity firm aims to secure the money before year-end, taking total fundraising for its flagship blind pool fund to 1.7 billion riyals, according to Rabie Dagher, managing director of private equity.

The fund recently completed an acquisition of a 55% stake in Saudi cosmetics and retail chain Makhazen Alenaya and plans to close another deal involving ...