Dubai – Decypha: Investment firm Al Rajhi United will acquire an interest in investment banking company Badwa Capital to support its expansion plans. The acquisition stake and value are still undisclosed, according to a statement published by Badwa Capital on 10th of April.
Al Rajhi will obtain the stake through their affiliate AU GCC. Meanwhile, Badwa will maintain its own management and independence, the statement said.
“The transaction illustrates our commitment to growth with equity participation by a partner with a global footprint,” said Fawzi Jumean, Badwa’s founder and chairman.
Based in the Dubai International Financial Centre (DIFC) and regulated by Dubai Financial Services Authority (DFSA), Badwa Capital has been working in mergers and acquisition, debt financing and investment solutions for clients in the GCC and the US for over 17 years.
Riyadh-based AlRajhi United works in real estate, public and private equity and venture capital, with offices in Jeddah and Dubai.
By Decypha Editorial Team
