Saudi Arabian investment firm Jadwa Investment Co is expanding its private credit platform as it seeks to capitalise on growing demand for alternative financing across the Gulf region, according to a report by Bloomberg.
The firm is aiming to raise up to $200m for its flagship private credit fund and has already secured $80m in commitments, according to Fidaa Haddad, managing director and head of private credit at Jadwa. The fund is expected to reach its final close by late 2026, with capital coming from investors including sovereign wealth funds and pension schemes.
The blind-pool vehicle will invest across the Gulf and has already deployed capital into two Saudi-based fintech companies, Lendo and JeelPay. Jadwa is planning to complete a further two investments in the first half of the year.
While the fund is not targeting specific sectors, Jadwa is seeing particularly strong opportunities in acquisition financing, as companies based in the UAE look to support expansion and deal activity in Saudi Arabia. Haddad said regulatory changes, including increased digitisation and a more supportive framework for non-bank lending, have helped unlock new private credit opportunities in the region.
Jadwa manages around $30bn in client assets across private equity, real estate and fixed income, and has previously focused on deal-by-deal private credit investments. The launch of a dedicated fund follows growing investor appetite for the strategy.
