{"id":98338,"date":"2025-07-01T00:00:00","date_gmt":"2025-07-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/"},"modified":"2025-07-01T00:00:00","modified_gmt":"2025-07-01T00:00:00","slug":"jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/","title":{"rendered":"Jadwa backs PetroApp with USD 45 mn ahead of IPO"},"content":{"rendered":"

Jadwa inv<\/strong>ests USD 45 mn in PetroApp:<\/strong> Local private equity firm Jadwa<\/a>Investment<\/a> invested USD 45 mn in digital fuel and fleet management company PetroApp<\/a> as part of a USD 50 mn funding round that included Abu Dhabi-based Bunat Ventures, Bloomberg<\/a> reports.<\/p>\n

Use of proceeds: <\/strong>The funding will be used to support PetroApp\u2019s regional growth, launch its retail offering in the Kingdom, and prepare for a planned IPO by 2028.<\/p>\n

About PetroApp:<\/strong> Founded in 2018, PetroApp helps businesses and government entities manage fuel spending and vehicle fleets through its digital platform. It currently operates across more than 5k fuel stations in the Kingdom, Egypt, Thailand, and Nigeria. <\/p>\n

ICYMI- <\/strong>Jadwa is looking to sell its entire 51% stake<\/a> in United Pharma Group (UniPharma), reportedly targeting a valuation of SAR 1 bn (USD 267 mn) for the exit.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funding will support PetroApp\u2019s planned 2028 IPO<\/p>\n","protected":false},"author":1,"featured_media":98339,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[10,1134,3894,179],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-ksa","tag-jadwa-investment","tag-petroapp","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"925701e5-a704-4613-97be-862db134903b","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/32.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jadwa leads USD 50 mn round for PetroApp","related_issue":[98322],"teaser":"The funding will support PetroApp\u2019s planned 2028 IPO","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.04fd3c62-3183-4bb8-915f-d7fd7615da9b.mp3"},"yoast_head":"\nJadwa backs PetroApp with USD 45 mn ahead of IPO - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jadwa backs PetroApp with USD 45 mn ahead of IPO\" \/>\n<meta property=\"og:description\" content=\"The funding will support PetroApp\u2019s planned 2028 IPO\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-01T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/32.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Jadwa backs PetroApp with USD 45 mn ahead of IPO\",\"datePublished\":\"2025-07-01T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/\"},\"wordCount\":139,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/32.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"Jadwa Investment\",\"PetroApp\",\"STARTUP WATCH\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/01\/jadwa-backs-petroapp-with-usd-45-mn-ahead-of-ipo\/\",\"name\":\"Jadwa backs PetroApp with USD 45 mn ahead of IPO - 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