Jada Fund of Funds, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), has recently announced that it has partnered with private equity fund manager Aliph Capital to bolster the small and medium enterprises (SMEs) in the kingdom. Jada has stated that it will invest in Aliph Capital’s GCC-focused fund, which targets growth-stage companies in Saudi Arabia, the UAE, and other Gulf countries.
The investment will help in increasing the localization of non-oil sector economic growth and build an ecosystem of private equity and venture capital activity that can drive the Kingdom’s long-term diversification and raise the SME sector’s contribution from 21 percent to 35 percent of the Kingdom’s GDP by 2030.
This partnership between Jada and Aliph Capital is expected to provide significant support to the SME ecosystem in Saudi Arabia, particularly in the food and beverage (F&B) sector.
The investment agreement signed between the two companies will target growth-stage SMEs in the F&B sector, providing them with the necessary funds to expand their operations, create jobs, and contribute to the Kingdom’s economic growth.
This move is part of Jada’s efforts to support the development of the SME sector in the Kingdom, which is a key pillar of the Saudi Vision 2030 plan.
The investment by Jada in Aliph Capital is a significant step towards achieving the goals set out in the Saudi Vision 2030 plan.
The plan aims to reduce the Kingdom’s dependence on oil and diversify its economy by supporting the growth of non-oil sectors such as tourism, healthcare, and technology.
By investing in growth-stage SMEs, Jada is supporting the growth of these sectors and helping to create a more diversified and sustainable economy in the Kingdom.
Jada’s Investment in Aliph Capital
Jada Fund of Funds, a subsidiary of Saudi Arabia’s Public Investment Fund, has recently announced a partnership with private equity fund manager Aliph Capital to bolster the small and medium enterprises (SMEs) in the kingdom. As part of this partnership, Jada has stated that it will invest in Aliph Capital’s GCC-focused fund, Aliph Fund I, to support SMEs in Saudi Arabia through strategic private equity and venture capital investments.
This investment agreement is part of Jada’s dedication to supporting the growth and diversification of the Kingdom’s economy. The CEO of Jada Fund of Funds, Adel Al-Ateeq, stated that the partnership with Aliph Capital is in line with Jada’s objective to finance growth and foster a vibrant SME ecosystem in Saudi Arabia.
Aliph Capital is a licensed asset management and fund management company in Saudi Arabia that specializes in private equity and venture capital funds. The company’s investment team is led by Fahad bin Khaled Al-Saud, Managing Director of Alpha Capital, and other experienced professionals with a proven track record in the field.
The investment by Jada Fund of Funds in Aliph Capital’s Aliph Fund I is expected to provide significant investment capital for SMEs in Saudi Arabia. The partnership between Jada Fund of Funds and Aliph Capital is licensed by the Capital Market Authority of Saudi Arabia, ensuring that the investment is in compliance with the Kingdom’s regulations.
The investment amount by Jada Fund of Funds in Aliph Capital’s Aliph Fund I has not been disclosed yet. However, given Jada’s financial capabilities, it is expected to be a substantial amount in Saudi riyals.
This investment is a clear indication of Jada Fund of Funds’ confidence in Aliph Capital’s investment strategy and the potential of the SMEs in Saudi Arabia.
