SAUDI ARABIA: The Jadwa GCC Diversified Private Equity Fund acquired a majority stake in Makhazen Alenaya, which has 15 branches across the Kingdom focused on the beauty and personal care sector. This flagship blind-pool vehicle of Jadwa Investment – which has several Shariah compliant operations in handling SAR100 billion (US$30 billion) in client assets – previously bought into Gissah Perfumes, Blackspoon Group and Tikkaway.
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