Jadwa Investment's Q1 2024 Results: Client Assets Exceed $22.95 Billion

Ghanem Suleiman Al-Ghanem, Head of High Net Worth and Corporate Investments at Jadwa Investment, announced that client assets under management and advisory at Jadwa Investment have exceeded $22.95 billion. This figure reflects a steady increase from $21.33 billion at the end of 2023 and $18.09 billion at the end of 2022.

Jadwa Investment's Q1 2024 Results: Client Assets Exceed $22.95 Billion
Jadwa Investment's Q1 2024 Results: Client Assets Exceed $22.95 Billion

Ghanem Suleiman Al-Ghanem, Head of High Net Worth and Corporate Investments at Jadwa Investment, announced that client assets under management and advisory at Jadwa Investment have exceeded $22.95 billion. This figure reflects a steady increase from $21.33 billion at the end of 2023 and $18.09 billion at the end of 2022.

In an interview with Argaam, Al-Ghanem highlighted the impressive performance of Jadwa Investment over the past three years, noting that the company executed investment and divestment transactions totaling $7.48 billion from 2021 to 2023. During 2023, the company's funds in Saudi Arabia, Gulf countries, and the Middle East and North Africa (MENA) region achieved returns ranging from 24% to 46%, outperforming benchmark indices.

Al-Ghanem also emphasized the ongoing development of Jadwa Investment's digital platforms. Recently, the company launched six new real estate development funds and is on the verge of completing a new private equity investment in Saudi Arabia.

Robust Growth in Asset Management

Jadwa Investment remains one of the largest investment managers in the Middle East and North Africa region. The company offers a wide range of investment products compliant with Islamic principles to its clients, which include government entities, local and international investment companies, non-profit organizations, leading family businesses, and high-net-worth individuals.

The development of digital platforms has significantly contributed to expanding Jadwa Investment's client base and enhancing service delivery to existing clients. Al-Ghanem stated that the company will continue to diversify its investment products and geographic markets to meet client needs.

Sectoral Distribution and Investment Strategies

Jadwa Investment aims to provide an unprecedented range of investment products and services compliant with Islamic principles to its clients. The company has extensive experience in managing public market funds and portfolios, including equities, fixed income, and money markets.

Over the past 15 years, Jadwa Investment has been one of the most active firms in regional private equity investments. Since adding real estate to its investment activities in 2015, the company has become one of the largest real estate fund managers in Saudi Arabia, including real estate development funds and publicly listed real estate investment trusts (REITs). In 2020, Jadwa Investment expanded its investment activities to international markets by adding private credit to its asset classes.

Investment and Divestment Activities in the Last Three Years

In 2023, Jadwa Investment completed $3.05 billion in investment and divestment transactions across 18 investment funds. Between 2021 and 2023, the company executed transactions totaling $7.48 billion.

Private equity activities included the sale of United Eastern Medical Services to Mubadala Healthcare, the initial public offering (IPO) of Luberef, and investments in various sectors. These include investments in Maswak Dental Clinics, Dabdoub, an e-commerce platform for children's toys and gifts, Qassa Perfumes, and the Black Spoon restaurant chain. In real estate, Jadwa Investment launched 22 new local and international funds, including real estate development funds in Saudi Arabia and a multi-manager global real estate fund in the United States.

Investment Focus for 2024

Jadwa Investment will continue to focus on regional public equity strategies, which have been driving the company’s growth and achieving performance levels that exceed market benchmarks. In the first quarter of 2024, the company launched six new real estate development funds with a total value of approximately $513 million.

Jadwa Investment is also in the final stages of launching a new private equity investment in Saudi Arabia and is preparing to introduce its first regional multi-manager private equity fund. This fund will target growth-oriented companies in the region, with a particular focus on consumer sectors.

Advancements in Digital Platforms

Jadwa Investment recently launched a new investment application following the revamp of its website and digital portal. This application allows clients to access a comprehensive suite of services, including viewing and downloading financial account data and investment reports, subscribing to and redeeming from Jadwa Investment funds, transferring funds between accounts, and trading directly in the Saudi market.

The Jadwa Investment app aims to provide a seamless digital interface and advanced service platform for clients. At the same time, relationship managers will continue to offer personalized services related to their investments, while the app provides instant access to clients' investments at any time.