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| 10 April, 2017

Saudi Alrajhi United acquires an interest in UAE's Badwa capital

AlRajhi United has agreed to acquire an interest in the firm for an undisclosed amount.

Saudi Alrajhi United acquires an interest in UAE's Badwa capital
Badwa Capital is a market-leading investment banking advisory firm

Funds to be used for expanding Badwa's business


Dubai, UAE; 10 April 2017 

Badwa Capital, a market-leading investment banking advisory firm, today announced that AlRajhi United has agreed to acquire an interest in the firm for an undisclosed amount. The funds invested become growth capital to be used for Badwa’s expansion plans.

AlRajhi United is a prominent international investment company headquartered in Riyadh with offices in Jeddah and Dubai. The stake is to be acquired through their affiliate, AU GCC.

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Badwa will remain firmly independent and majority owned by management.

Fawzi Jumean, Badwa’s Founder and Chairman, said:

The transaction illustrates our commitment to growth with equity participation by a partner with a global footprint. We will continue to execute M&A, debt financing, restructuring and investment solutions for our clients in various sectors, and we will do so in a manner consistent with the highest industry standards.”

Fawaz Sulaiman AlRajhi, Chairman of AlRajhi United, added:

“Badwa Capital’s founder has a strong track record as a highly successful dealmaker, and the firm is known for its integrity, deep relationships and transaction execution expertise. It is an opportune moment to invest given the company’s growth trajectory.”

Badwa Capital is based in the Dubai International Financial Centre (DIFC) and is regulated by the Dubai Financial Services Authority (DFSA). In 2016, the firm advised on and closed transaction work amounting to approximately USD 700 million. 

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Badwa Capital:
Badwa Capital Limited is a market-leading investment banking advisory firm dedicated to serving corporate, government and family office clients with professionalism and integrity. The firm is based in the Dubai International Financial Centre (DIFC), regulated by the Dubai Financial Services Authority (DFSA) and engaged with clients doing business in the Arabian Gulf. The firm is focused on advising on M&A, debt financing, restructuring and investment solutions for its clients. Our principal has executed numerous transactions worth several billion dollars in the GCC and the US over the last 17 years.

Contact:
Name:             Jade Mamarbachi  
Tel:      +971 50 6003829
Email:  jmamarbachi@brunswickgroup.com

AlRajhi United:
AlRajhi United is a prominent investment firm that invests in public equity, real estate, private equity and venture capital globally. The firm manages its US, European and regional investments from its headquarters in Riyadh with offices in Jeddah and Dubai.

Contact:
Name: Juergen Haselgruber
Tel: +966 1 12250099
Email: jhaselgruber@alrajhiunited.com

© Press Release 2017