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Jadwa Food and Beverage Opportunities Fund
This closed-end fund offers investors opportunities for long-term, Shariah-compliant appreciation through investments in growth-oriented food and beverage companies, primarily in Saudi Arabia. These investments are generated through privately negotiated equity and equity-related investments in this consumer-related sector. The Fund is already closed and appears here for record only.
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Kings Reach Tower
Jadwa purchased King's Reach Tower in a joint venture with CIT in June 2010 at a 25 per cent discount off market peak. The mixed-use development site is located on London’s South Bank . Investors have first right-of-refusal on luxury residential units in the tower, which will also include office and retail spaces. The investment has a projected IRR of 35 percent and the existing planning consent provides downside protection to investors for whom there are multiple exit strategies. Resolution to grant consent for a new scheme was approved by Southwark Planning Committee on 19 July 2011, just 13 months after acquisition.
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CIT Jadwa UK Special Opportunities Fund
This five-year Fund is a joint venture fund between Jadwa and CIT and targets investments in Shariah-compliant real estate in the UK with total assets exceeding £100million. This Fund holds a number of competitive advantages including partnering with CIT, a pioneer private equity real estate manager, at a time when the market is seeing historically low prices. The Fund forecasts a project IRR of 26% and has to date delivered a 10% average coupon against target 6%+.
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Jadwa Technology Special Opportunities Fund
Jadwa offered its investors a rare investment opportunity through Jadwa Technology Special Opportunity Fund’s acquisition of a 49 percent stake in United Matbouli Group (UMG), one of the largest retailers and distributors of electrical appliances and consumer electronics in Saudi. UMG is the sole distributor of Samsung in Saudi Arabia, with double-digit growth in sales and net income, and a 50-year track record of doing business. The investment is structured as a Shariah-compliant closed-end fund and appears here for record only.
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Jadwa Co-Investment Fund (Saudi Lube Oil)
This Fund enables its unit holders to obtain a beneficial ownership interest in equity of Saudi Aramco Lubricating Oil Refining Company (LubeRef.) LubeRef is the dominant base oils manufacturer in the GCC. The company produces more than 1 million metric tons of base lube oils, asphalt, naphtha and other products at its refineries in Jeddah and Yanbu. The fast-growing Saudi market represents 60 percent of its sales. Unit holders of the Fund receive pro-rata dividends distributed by LubeRef and expect to benefit from an eventual exit by way of IPO or sale to a third party. This is a closed-end fund already closed in 2007 and appears here for record only.