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Jadwa Investment announced the first close of its new private credit fund in mid-January 2026. The Saudi firm secured more than SAR300 million, equivalent to $80 million, toward the Jadwa GCC Diversified Private Credit Fund. The vehicle targets a total size of up to SAR750 million, or $200 million, and represents the company’s first blind-pool structure for regional private credit after launching several deal-specific funds. This initial capital has been deployed into partnerships with the fintech platforms Lendo and JeelPay, the announcement stated.
The fund will provide diversified exposure to private credit opportunities throughout Saudi Arabia and the GCC region. It focuses on supporting high-quality companies with financing across multiple transactions to generate stable, risk-adjusted returns for investors. Two additional investments are set to close in the first half of 2026, building on the initial two deployments already completed.
Rising demand for alternative financing solutions in the GCC has been driven by ongoing economic diversification efforts, expansion of the private sector and increased appetite for non-bank credit. A PwC report projected that the private credit market across the GCC and Egypt will grow at a compound annual rate of 15 to 30 percent over the next five to six years, potentially expanding the market size to between $11 billion and $20 billion. This growth aligns with broader shifts in regional financing where traditional bank lending faces constraints from regulatory capital requirements.
Private debt accounted for 56 percent of the total private growth capital deployed in the GCC during 2025. According to a Stride Ventures study, that segment reached $4.1 billion within a wider market totaling approximately $7.4 billion. Fintech companies absorbed around 95 percent of the venture debt and growth credit activity, the data showed.
Tariq Al-Sudairy, the managing director and chief executive of Jadwa Investment, stated that the fund demonstrates the firm’s origination capabilities and execution strength. “This fund reflects Jadwa’s ability to originate and execute attractive private credit opportunities, and our conviction in the asset class in light of the strong economic momentum in Saudi Arabia and the GCC,” Al-Sudairy said in the announcement. He emphasised the strategic importance of private credit for the firm’s investor base.
Fidaa Haddad, managing director and head of private credit at Jadwa, highlighted the potential of the initial investments. She noted the platform’s capacity to support companies while giving investors access to a rapidly expanding market. Haddad expressed excitement over the first two deals and anticipated strong outcomes from the overall portfolio, according to the company statement.
Jadwa Investment oversees more than SAR110 billion, approximately $29.33 billion, in assets under management. Its clientele encompasses government-related entities, both local and international institutional investors, and high-net-worth private wealth clients. The firm maintains its headquarters in Riyadh, from where it conducts a range of investment management and advisory activities across multiple asset classes.
