Jadwa Investment to acquire a majority stake in Makhazen Alenaya.

Jadwa Investment, a pricate equity firm, agreed to acquire a majority stake in Makhazen Alenaya, a beauty and personal care retailer. Financial terms were not disclosed. “We are pleased to partner with Makhazen Alenaya in our second investment in the region’s retail sector. The transaction reflects our confidence in the Kingdom’s evolving consumer landscape, supported by far-reaching economic reforms and a shift toward modern retail formats,” Tariq Al-Sudairy, Jadwa Investment Managing Director and CEO.