Jadwa Investment

Jadwa Investment is a Saudi closed joint stock company operating under the supervision of the Saudi Arabian Capital Markets Authority (CMA). It was established in 2005. Its headquarters is in Riyadh.

Under the CMA decision published on 21 August 2006, Jadwa was awarded a license to offer all types of investment services including: dealing, managing, custody, arranging and advising.

Its full investment banking operations started in March 2007 with a paid-up capital of SAR500 million and its first fiscal year was completed on 31 December 2007.

All investment services offered by Jadwa Investment are supervised by a Shariah Supervisory Board and are fully Shariah-compliant. Operating divisions include Asset Management, Investment Banking, Research, Proprietary Investments and Equity Brokerage.

Ownership

The founding partners include Faisal bin Salman, chairman of the board, Mohammed and Abdullah Ibrahim Al Subeaei Company, the Al Zamil Group, Abdulrahman Saleh Al Rajhi, Mohammed Ibrahim Al Issa, Abdulrahman Al Ruwaita, and Abdullatif Kanoo. Ahmed bin Aqeel Al Khateeb is the CEO of the company.

Saudi Arabia

Saudi Arabia (ⁱ/ˌsɔːdiː əˈreɪbiə/, ⁱ/ˌsaʊ-/), officially known as the Kingdom of Saudi Arabia (KSA), is an Arab state in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000 km² (830,000 sq mi), Saudi Arabia is geographically the second-largest state in the Arab world after Algeria. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south. It is the only nation with both a Red Sea coast and a Persian Gulf coast, and most of its terrain consists of arid inhospitable desert or barren landforms.

The area of modern-day Saudi Arabia formerly consisted of four distinct regions: Hejaz, Najd, and parts of Eastern Arabia (Al-Ahsa) and Southern Arabia ('Asir). The Kingdom of Saudi Arabia was founded in 1932 by Ibn Saud. He united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud. The country has since been an absolute monarchy, effectively a hereditary dictatorship governed along Islamic lines. The ultra-conservative Wahhabism religious movement within Sunni Islam has been called "the predominant feature of Saudi culture", with its global spreading largely financed by the oil and gas trade. Saudi Arabia is sometimes called "the Land of the Two Holy Mosques" in reference to Al-Masjid al-Haram (in Mecca), and Al-Masjid an-Nabawi (in Medina), the two holiest places in Islam. The Kingdom has a total population of 28.7 million, of which 20 million are Saudi nationals and 8 million are foreigners.