AlRajhi United is a prominent international investment company headquartered in Riyadh, with offices in Jeddah, Dubai and New York. The stake has been acquired through their affiliate, AU GCC.
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 first class way, consistent with the highest Wall Street 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.”