AlRajhi United acquires stake in Badwa Capital

-  Badwa Capital is a market-leading investment banking advisory firm
-  Funds to be used for expanding Badwa’s business

Dubai, UAE; 10 April 2017 – Badwa Capital, a market-leading investment banking advisory firm, today announced that AlRajhi United, has acquired an interest in the firm for an undisclosed amount. The funds invested become growth capital to be used for Badwa’s expansion plans.

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.”

Badwa Capital is based in the Dubai International Financial Centre (DIFC) and is regulated by the Dubai Financial Services Authority (DFSA). In 2016, the firm advised on and closed transaction work amounting to approximately USD 700 million.