Riyadh, Saudi Arabia: Jadwa Investment, a leading Saudi investment management and advisory firm in the Middle East, announced the acquisition of a majority stake in Care Warehouses through its Jadwa Gulf Diversified Private Equity Fund .

Founded in 2019, Care Stores is an innovative Saudi retail brand that currently operates 15 branches across the Kingdom. The company has revolutionized the beauty and personal care sector by developing a modern retail model known as the "multi-product specialty store." This model offers a unique combination of a diverse and comprehensive range of high-quality products at low prices throughout the year, all within a sophisticated and integrated shopping experience that meets the aspirations of a wide range of customers. With a growing customer base and a flexible and scalable operating model, the company is steadily expanding its presence within the Kingdom.

This transaction represents the fourth investment under the Jadwa Gulf Diversified Private Equity Fund (formerly Jadwa Gulf Private Equity Fund I), following previous investments in Qissa Perfumes, Black Spoon Group, and Taka Way .

On this occasion, Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, said : “We are pleased to enter into a strategic partnership with Care Stores Company in our second investment in the retail sector in the region. This deal reflects our strong confidence in the development of the consumer market in the Kingdom, supported by structural economic reforms and a shift towards modern retail concepts .”

Elie El Khoury, Head of Private Equity at Jadwa Investment, said : “ Care Stores is a pioneer in a rapidly growing and transforming sector. It has successfully developed a unique model that combines value-based pricing with a quality shopping experience, giving it a strong competitive advantage and positioning it to seize future growth opportunities. This investment is at the heart of our strategy to support promising companies with scalable operating models .”

Abdullah Al-Madhesh, Co-Founder and CEO of Care Stores, commented : “Our partnership with Jadwa Investment represents a pivotal milestone in the company’s journey. We will leverage Jadwa’s expertise to accelerate our growth, enhance our operational capabilities, raise the bar on governance, and deliver long-term value, positioning the company for the next phase of growth. This partnership also paves the way for us to consolidate our leadership position in the beauty and personal care sector across the Kingdom and achieve our future ambitions for listing on the main Saudi stock market.”

About Jadwa Investment Company

Jadwa Investment is a multi-service investment management and advisory firm headquartered in Riyadh, with client assets exceeding SAR 100 billion (USD 30 billion) across public equities, private equity, real estate, private credit, fixed income, and money markets. Jadwa's client base includes government entities, local and global institutional investors, leading local corporations and family offices, and high-net-worth individuals.

Jadwa Investment operates in the Kingdom of Saudi Arabia under license number 37-06034 issued by the Capital Market Authority.

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