Manama, Bahrain – Investcorp, a leading global alternative investment firm, is pleased to announce a commercial partnership with Awaed, the first commission-free Saudi trading platform. Under the terms of the partnership, Awaed will enable their clients to invest into Investcorp’s Saudi Pre-IPO Growth Fund (“the Fund”).

Investcorp is one of the first global asset manager to set up a strategic fintech commercial partnership of this kind in the Middle East, democratizing the alternative investments space. Awaed is a leading digital investment platform in Saudi Arabia and is the first fintech in Saudi Arabia to receive a full license from the Saudi Capital Markets Authority.

This pioneering initiative will increase the avenues of investment for investors, providing access to Investcorp’s Saudi Pre-IPO Growth Fund. The Fund is dedicated to investing in a diversified portfolio of companies at a “pre-IPO” stage of development in Saudi Arabia, provides investors with an opportunity to gain exposure to growing and market-leading businesses in the Kingdom.

Through this initiative, Investcorp is reaffirming its commitment to the Kingdom of Saudi Arabia. This commercial partnership will actively contribute towards the thriving economy vertical of Saudi Arabia’s Vision 2030 by improving accessibility to investment products for investors, with the aim of building the personal wealth of the population.

Mashaal AlJomaih, Managing Director and Deputy CEO of Investcorp KSA commented: “Our partnership with Awaed not only ties into our strategic aims in Saudi Arabia, but also directly supports Vision 2030. With this vehicle, investors have an additional gateway to investment opportunities and can access the returns potential associated with private markets. The Fund has  partnered successfully  with founders to scale and grow their companies towards potential IPOs and/or other types of value enhancing transactions which have the potential to deliver positive returns for  shareholders along the way.”

Adel Alateeq, Chief Executive Officer, Awaed, commented: “Partnering with a global asset manager like Investcorp offers our clients unparalleled access to a diverse range of companies, all at a pre-IPO stage in Saudi Arabia. With this, our clients can participate in the growth of homegrown companies, which have been strategically selected by Investcorp. We look forward to working together, to provide our clients with access to growing and market-leading companies in Saudi Arabia.”

Nahar Houthan, Managing Director, Investcorp Private Wealth, commented: “As part of Investcorp’s technological advancement, we are pleased to be working with leading fintech Awaed to offer a unique and first of its kind fund in Saudi Arabia. Together, we will continue to champion local businesses and will support them on their value and growth journey, contributing to the Kingdom’s Vision 2030 and diversification targets.”

About Investcorp 
 
Investcorp is a global investment manager specializing in alternative investments across four asset classes: Private Equity (Mid-Market Buyouts, Growth Investments, and GP Staking), Real Assets (Infrastructure and Real Estate), Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management). 
 
Since our inception in 1982, we have focused on generating attractive returns for our clients and seeking to create long-term value in our portfolio companies by adopting a disciplined investment process, employing talented professionals, and utilizing the resources of a global institution with an innovative approach.
 
We invest capital in our products and strategies, aligning interests with our clients and other stakeholders. We pursue sustainable value creation through our investments and in the communities in which we operate and take pride in partnering with clients to deliver tailored solutions for their needs.
 
Today, Investcorp manages approximately $53 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including, India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally.
 
For further information, visit http://www.investcorp.com/ and follow us @Investcorp on LinkedIn, Twitter and Instagram. 
 
Media Contacts: 
International / GCC
Firas El Amine
+973 175 15404
felamine@investcorp.com 

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