Riyadh - Sharikat Mubasher: Jada Fund of Funds Company, a subsidiary of the Public Investment Fund (PIF), injected investments into the Artal Growth Opportunities Fund, as part of its efforts to support private equity development and economic growth, the company announced in a statement.
The agreement was signed by Bandr Alhomaly, CEO of Jada Fund of Funds, and Rayan Alrasheed, CEO of Artal Capital.
Jada’s investment in the Artal Growth Opportunities Fund underscored its commitment to diversifying its investment portfolio and supporting a thriving private equity ecosystem in Saudi Arabia.
Artal Growth Opportunities Fund, targeting a size of SAR 500 million, is set to provide growth capital to technology-enabled and mid-market companies in Saudi Arabia and the GCC.
This investment will contribute to enhancing job creation, enabling startups, fostering small and medium-sized enterprises (SMEs), and bolstering sustainable economic development in the Kingdom.
