Jada Fund of Funds Company has announced an investment in eWTP Arabia’s USD 1 billion Fund, a growth-stage fund managed by eWTP Arabia Capital, which has offices in Saudi Arabia and China. This latest deal signing further affirms Jada’s commitment to supporting SMEs in the Kingdom of Saudi Arabia, and underscores the value it sees in strategic, sustainable investments made through innovative funding solutions.
The agreement was signed in Riyadh by Bandr Alhomaly, CEO of Jada Fund of Funds Company, and eWTP Arabia’s Founder and Managing Partner Jerry Li. As a cornerstone investor in eWTP Arabia’s Fund I, Jada is now also an anchor LP for eWTP Arabia’s Fund II.
Bandr Alhomaly, CEO of Jada Fund of Funds Company, said, “We will continue to be a catalyst for growth in the local private equity and venture capital ecosystem, with the aim of promoting innovation and job creation in the Kingdom, by attracting FDI and supporting knowledge and technology transfer, among others.”
Jerry Li, Founder and Managing Partner, eWTP Arabia said, “Jada’s investments in eWTP Arabia have aided in the creation of institutions that train and develop Saudi talent thanks to the Alibaba Cloud Academy and the J&T Express Academy that help in the growth of highly skilled, future-focused sectors like cloud service technology, logistics technology, cloud communications and mobile gaming.”
This partnership will strengthen relationships between the regions and enable the sustainable development and growth of young companies. This aims to encourage young individuals to leverage their expertise and experiences from diverse markets, utilizing them to materialize entrepreneurial aspirations within the Kingdom of Saudi Arabia.
