Haddaj Investment, the investment arm of Saudi Industrial Export Company (Sadirat), will commit SAR 70 mn to the FAAD Industrial Fund, according to a Tadawul disclosure. The closed private equity fund is licensed by the Capital Market Authority and managed by FAAD Financial Partners Company.

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The fund aims to generate 12% returns through private equity investments in industrial companies. It is sized at SAR 220 mn, with a minimum subscription of SAR 215 mn. The fund has a five-year term, extendable by up to two additional years. If subscriptions fall short, contributions will be refunded to investors.

REMEMBER- The FAAD Industrial Fund is expected to acquire a 40% stake in Jubail Chemical Industries (Jana), Nama Chemicals’ wholly owned subsidiary, for SAR 200 mn. The stake will come through a capital hike at Jana, increasing its equity base. As a result, Nama’s ownership will dilute to 60% from 100% — but none of its existing shares will be transferred to the investment fund.

What’s next? The fund’s launch still depends on regulatory approvals. Sadirat expects the investment to begin contributing to its earnings from early 2026.

IN OTHER INVESTMENT NEWS-

Riyad-based gaming studio Fahy secured USD 1.8 mn in a strategic investment from Impact46 and Merak Capital, according to a press release. The funding will be used to expand production capabilities and develop its pipeline of titles, including the monster-collecting RPG Rawr, the PvP football game Footy Traps, and the multiplayer heist game Heist Party.

REMEMBER-Fahy was among five gaming studios to receive a SAR 25 mn investment from Impact46 last week.

About Fahy: Founded in 2023 by Hani Hashem (LinkedIn), Owis Alsaour (LinkedIn), and Fahad Alshibl (LinkedIn) the studio develops hybrid casual mobile games.

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