Jadwa, Apicorp buy majority stake in SMI
Jadwa Investment has announced the acquisition of a majority stake in Saudi Mechanical Industries (SMI) by the Jadwa Mechanical Opportunities Fund along with Arab Petroleum Investments Corporation (Apicorp). The investment in SMI marks Jadwa’s eighth private equity deal. In 2014, Jadwa completed two major Tadawul listings with Abdulmohsen Al Hokair Group and Al Hammadi Company for Development and Investment, and a full exit via a trade sale with Gulf United Foods Company. Jadwa also announced in September 2014 the full acquisition of Global Environmental Management Services.
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