>
Previous Post
Saudi Arabia & South Korea Launch USD 160 Million Investment Fund
Next Post
Egypt-Based Startups Are Now Exempt from Taxes for Five Years

Saudi's PIF Subsidiary Invests $500 Million In Bahrain's Investorcorp

Jada Fund of Funds, a subsidiary of KSA’s Public Investment Fund, continues to invest in a diverse portfolio of high-growth startups in the region.

Jada Fund of Funds, a subsidiary of Saudi Arabia's prestigious Public Investment Fund (PIF), has made a $500 million investment in Bahrain's Investcorp, a pre-IPO growth fund. Established in 2022, the fund looks to invest in a diverse portfolio of high-growth startups that are poised to go public within the next few years.

In August 2022, the firm led a pre-IPO funding round of $100 million in TruKKer, a prominent trucking marketplace that boasts a fleet of over 45,000 trucks on its platform. Additionally, Investcorp invested in NourNet, a local ICT company that serves a substantial client base of 1,200 corporate clients spanning across more than 20 industries.

Jada, established in late 2019, is a fund with a capital of $1.07 billion (equivalent to SAR 4 billion). The fund has a strategic focus on investing in startups, venture capital (VC) funds, and private equity funds. This commitment to Investcorp highlights Jada's dedication to supporting the growth of the private equity ecosystem within the Kingdom and beyond.

The collaboration between Jada Fund of Funds and Investcorp marks a milestone for both entities. By leveraging their expertise and resources, they aim to foster the growth of promising startups and facilitate their journey towards going public.




Sign up for the daily Startup Digest.

Startup stories straight to your inbox

Sign up for the weekly newsletter