Jadwa Investment
 | |
Native name | جدوى للاستثمار |
|---|---|
| Type | Closed joint stock company |
| Industry | Sharia Compliant Investment Bank |
| Founded | 2006 |
| Headquarters | Riyadh |
Key people | Faisal bin Salman (Former chair) Ahmed bin Aqeel Al Khateeb (Former CEO) Tariq Al Sudairy(MD & CEO) |
| Services | Asset Management Real Estate Funds Discretionary Portfolio Management Private Equity Investment Banking Research Brokerage Online Trading |
| Website | http://www.jadwa.com/ |
Jadwa Investment is a Saudi closed joint stock company operating under the supervision of the Saudi Arabian Capital Markets Authority (CMA). It was established in 2005.[1] Its headquarters is in Riyadh.
Under the CMA decision published on 21 August 2006, Jadwa was awarded a license to offer all types of investment services including: dealing, managing, custody, arranging and advising.[1]
Its full investment banking operations started in March 2007 with a paid-up capital of SAR500 million and its first fiscal year was completed on 31 December 2007.[1]
All investment services offered by Jadwa Investment are supervised by a Shariah Supervisory Board and are fully Shariah-compliant. Operating divisions include Asset Management, Investment Banking, Research, Proprietary Investments and Equity Brokerage.
Ownership[]
The founding partners include Faisal bin Salman, chairman of the board, Mohammed and Abdullah Ibrahim Al Subeaei Company, the Al Zamil Group, Abdulrahman Saleh Al Rajhi, Mohammed Ibrahim Al Issa, Abdulrahman Al Ruwaita, and Abdullatif Kanoo. Tariq Al Sudairy is the CEO of the company.[2]
Khanazah Nasional, a Malaysian company, acquired 10% of the share capital of Jadwa Investment for a total consideration of SAR 284.25 million (USD 75.90 million or RM 270.85 million).[1] After this agreement, Tan Sri Dato’ Azman Mokhtar and Iqbal Ahmad Khan became members of board of trustees of the company in addition to Saudi members.[2]
References[]
- ^ a b c d "Khazanah acquires stake in Jadwa Investment" (PDF). Khazanah Nasional. Archived from the original (PDF) on 18 March 2012. Retrieved 23 May 2012.
- ^ a b "Board of Directors". Jadwa Investment. Retrieved 23 May 2012.
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