Jadwa Acquires Majority Stake in Leading Retailer Makhazen Alenaya Through its GCC Diversified Private Equity Fund
Jadwa Investment, a leading investment management and advisory firm in the Middle East, today announced the acquisition of a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund.
Founded in 2019, Makhazen is a fast-growing Saudi retail concept with 15 branches across the Kingdom. The company has redefined the beauty and personal care sector by pioneering an emerging retail format: the multi- category specialist. Makhazen offers a wide, curated product range at consistently affordable prices and througha premium one-stop-shop experience. Backed by strong consumer traction and a scalable operating model, the company is poised to expand its footprint across Saudi Arabia.
The transaction marks Jadwa’s fourth investment ...