Jadwa Investment launches mezzanine financing fund
- Date: 03-Mar-2021
- Source: Saudi Gazette
- Sector:Financial Markets
- Country:Saudi Arabia
Jadwa Investment launches mezzanine financing fund
RIYADH “” Jadwa Investment, Saudi Arabia's leading investment management and advisory firm, announced Monday the launch of its first closed-ended mezzanine financing fund. The new Shariah-compliant offering is part of Jadwa's ongoing commitment to expanding clients' access to new asset classes.The fund will provide Shariah-compliant mezzanine financing to high-quality companies through a commodity murabaha arrangement, with the aim of generating a stream of income distributions for the fund's investors.Through this fund, Jadwa will offer Shariah-compliant mezzanine financing to ADES Investments Holding Ltd., a DIFC-based holding company.Tariq Al-Sudairy, managing director and CEO of Jadwa Investment, commented: "We are delighted to launch our first mezzanine financing fund as part of our commitment to enable clients to access a broader universe of Shariah-compliant investments across asset classes and geographies."We believe there are compelling opportunities in the mezzanine financing space in the region that provide investors attractive annual yield and double-digit returns with a moderate risk profile.“He added: "Despite the challenging circumstances of the pandemic, Jadwa has continued to actively originate and execute attractive investment opportunities