Jadwa Investment Acquires Majority Stake in Dabdoob Holdings
Tue, 14 June 2022
Riyadh, KSA,  June 2022 — Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today its first regional venture capital investment through Jadwa E-Commerce Opportunities Fund’s acquisition of a 70% equity stake in Dabdoob Holdings Limited Company (“Dabdoob”), owner of the largest toy e-commerce application in the GCC.
Founded in December 2017 in Kuwait, Dabdoob has evolved into a specialized e-commerce platform for toys and gifts, focusing on children aged 0-12 years old. After becoming the market leader in Kuwait, Dabdoob embarked on a regional expansion strategy by rolling out their best-in-class offering in all GCC countries, and plans to expand further across the wider Middle East and North Africa region.
Commenting on the investment, Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, said: “We are pleased to partner with Dabdoob, the fastest-growing online toy store in the GCC. Dabdoob’s management has demonstrated an exceptional ability to capitalize on important industry trends since the company’s establishment, and we look forward to contributing to Dabdoob’s next stage of growth through this partnership.”
Saad Al-Saif, Head of Private Equity at Jadwa Investment, added, “As private equity investors, we scan emerging trends and look to invest in and empower strong teams. Dabdoob has a well-recognized brand, strong product offering, unique wrapping, and same-day delivery. Together, these comprise a formula for success in the toys and gifts space.”
Speaking for Dabdoob, Mohammad Al-Hajeri, CEO, added, “Jadwa’s investment in Dabdoob constitutes an important milestone for the company, and a launch pad towards our next phase of growth. With Jadwa’s like-minded partnership and full-backing, we are now keen to accelerate the implementation of our strategic initiatives and expansion plans across the wider MENA region.”
About Jadwa Investment
Jadwa Investment is a Riyadh-headquartered investment management and advisory firm with total client assets of more than USD 18.5 billion (SAR 70 billion) in public equity, private equity, real estate, private credit, fixed income, and money market investments. The firm's clients include government-related entities, local and international institutional investors, leading local family companies and offices, and high-net-worth individuals.
Jadwa Investment is licensed by the Capital Market Authority of Saudi Arabia (CMA) as a capital market institution, with registration number 6034/37.
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