SIC invests in Jadwa’s first regional PE fund: SIDF Investment Company (SIC) invested an undisclosed amount in Jadwa Investment’s GCC Diversified Private Equity Fund, according to a statement. The blind-pool vehicle — Jadwa’s first regional private equity fund — is targeting SAR 1.5 bn, with a ceiling of SAR 2 bn.

Where the money’s going: The fund will deploy capital in Saudi Arabia and the wider GCC, with a focus on industrials alongside other sectors.

SOUND SMART- In a blind-pool fund, investors commit capital without knowing the specific investments in advance, leaving the manager to identify and execute them.

Jadwa, which manages SAR 110 bn across asset classes, built a private equity portfolio in the consumer and F&B space. The firm secured a commitment from SME Bank’s Saudi Venture Capital arm in December 2024.

ICYMI- Jadwa Investment recently ramped up investments, acquiring a majority stake in beauty and personal care retailer Makhazen Alenaya and backing Gissah Perfumers, Blackspoon Group, and Tikkaway.

The move fits with SIC’s push to boost industrial financing and private sector involvement. The firm last year teamed up with London-based asset management firm to set up a SAR 400 mn private industrial investment fund, the first of its kind in the Kingdom.

About SIC: Established in November 2024 by Industry and Mineral Resources Minister Bandar bin Ibrahim Al Khorayef with SAR 2 bn in capital, SIC is tasked with promoting private investment in industry, mining, energy, and logistics.

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