‎Master Works acquires majority stake in Saudi-based Jadaya

‎Master Works acquires majority stake in Saudi-based Jadaya

Master Works, a data management and digitization company based in Saudi Arabia, has acquired 51% ownership of Jadaya, a Saudi-based customer-oriented, Governance, Risk and Compliance (GRC) consulting and solutions provider.

Established in 2010, Master Works has built strong partnerships with large companies like Google, IBM, Microsoft, Oracle, SAS, and Corporator. The company has offices in Saudi Arabia, UAE, Jordan, Egypt, and India. Jadaya has a wealth of expertise in cybersecurity and cloud services and specializes in governance, risk, and compliance solutions to digitize processes and procedures.

With the acquisition, Master Works will be expanding its portfolio beyond data and digitization products. The partnership will see Master Works incorporate Jadaya’s products and services to enrich its product offering. The global GRC market is expected to reach 506 billion SAR (134.86 billion USD) by 2030.

Through the acquisition, Master Works will broaden its portfolio of products and services to public and private sector clients. The acquisition process is expected to be completed in the second half of 2023 and is anticipated to boost revenue from this year.

Mr Hani Al Lehaibi, CEO at Master Works, says: “We have been keen to expand our portfolio for a while now, and we’re very happy to have found the