Jadwa Investment Company has bought a majority stake in Care Stores Company through its fund, the “Jadwa Diverse Fund for Gulf Private Property.”
Tariq Al-Sudairi, the Managing Director and CEO of Jadwa, said this is the company’s second investment in the retail sector in the region.
This deal shows our strong belief in the growth of Saudi Arabia’s consumer market.
Major economic changes and a move towards more modern ideas in the retail sector support it.
Eli Al-Khoury, Head of Private Property at Jadwa Investments, said: “The Care Stores are a leading company in a sector that is witnessing rapid growth and transformation. It has successfully developed a unique model that combines value-based pricing with the quality of the shopping experience, giving it a strong competitive advantage and setting it up for future opportunities for growth. This investment is at the heart of our strategy to support promising companies with scalable operational models.”
This is the fourth investment made by the Jadwa Diverse Gulf Private Equity Fund, after earlier investments in Qusa Fragrance, Black Spoon Group, and Tekka Wei.
Care Stores, a Saudi retail brand founded in 2019, currently runs 15 branches across the Kingdom.
Care Stores has helped change the beauty and personal care market by creating a new retail style called the “Specialized Multi-Product Store.”
This model offers a wide range of high-quality products at affordable prices all year round, with a smooth and enjoyable shopping experience that appeals to many customers.
Read more- TNG Digital and Setel Partner to Offer Digital Payments at Petronas Stations
