leading investment banking advisory firm, announced Monday that AlRajhi United has agreed to acquire an interest in the firm for an undisclosed amount. The funds invested become growth capital to be used for Badwa's expansion plans. AlRajhi United is a prominent international investment company headquartered in Riyadh with offices in Jeddah and Dubai. The stake is to be acquired through their affiliate, AU GCC. Badwa will remain firmly independent and majority owned by management. Fawzi Jumean, Badwa's Founder and Chairman, said: "The transaction illustrates our commitment to growth with equity participation by a partner with a global footprint. We will continue to execute M&A, debt financing, restructuring and investment solutions for our clients in various sectors, and we will do so in a manner consistent with the highest industry standards." Fawaz Sulaiman AlRajhi, Chairman of AlRajhi United, added: "Badwa Capital's founder has a strong track record as a highly successful dealmaker, and the firm is known for its integrity, deep relationships and transaction execution expertise. It is an opportune moment to invest given the company's growth trajectory." Badwa Capital is based in the Dubai International Financial Centre (DIFC) and is regulated by the Dubai Financial Services Authority (DFSA). In 2016, the firm advised on and closed transaction work amounting to approximately $700 million. — SG
