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Financial Services |
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Contact Details
Address:
Sky Towers
2nd-4th Floor King Fahad Road Olaya Area P.O. Box 60677 Riyadh 11555 Saudi Arabia Tel: +966 1-279-1111 Fax: +966 1-279-1571 Email:
info@jadwa.com
Website:
www.jadwa.comRelated Links:
www.khazanah.com.mywww.gulf-union.com M&A Details
Acquistion
Status
Complete
Acquirer
Target
Announcement Date
04 Jan 2010
Closing Date
04 Jan 2010
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Business Overview
The Saudi-based Jadwa Investment (Jadwa) provides Shariah-compliant asset management services including fund, portfolio and wealth management; investment banking services include corporate finance and investment advisory; private equity investments; brokerage services; oil refining—directly or through subsidiaries.
Jadwa operates the Saudi Aramco Lubricating Oil Refining CompanySaudi Aramco Lubricating Oil Refining Company  , a subsidiary specialized in refining crude oil, as well as the manufacturing and distribution of lubricants and base fuel oil.Through its private equity fund, the Jadwa Technology Special Opportunity Fund, the company completed, in September 2011, its 49% acquisition of the United Matbouli GroupUnited Matbouli Group (UMGUMG), a Saudi-based distributor of consumer appliances and electronics. Jadwa increased its revenues by 63.66% to SAR237 million (USD 63 million) and grew its net profits by 209.61% to SAR110 million (USD29 million), in 2010.
Representatives
Auditors
Banks
Law Firms
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