Riyadh, Saudi Arabia – 20 February 2024: Jada Fund of Funds Company announces its investment in Artal Growth Opportunities Fund, underscoring Jada's commitment to supporting private equity development and economic growth in alignment with Saudi Vision 2030. The agreement was signed today in Riyadh by Bandr Alhomaly, CEO of Jada Fund of Funds Company, and Rayan Alrasheed, CEO of Artal Capital.

Artal Capital, a CMA licensed multi-asset investment firm, focuses on both public and private market investments. Artal Growth Opportunities Fund, targeting a size of SAR 500 million, is set to provide growth capital to technology-enabled, mid-market companies in the Kingdom and the GCC.

Jada’s investment in Artal Growth Opportunities Fund highlights its commitment to diversifying its investment portfolio and underpinning a thriving private equity ecosystem in the Kingdom. This strategic step is pivotal in supporting job creation, empowering startups, and strengthening SMEs in the Kingdom, thereby fostering sustainable economic development.