PIF’s Jada invests in $250M healthcare fund in Saudi Arabia
28/05/2024
Argaam
Logo of Jada Fund of Funds Co.
Jada Fund of Funds Co., which is wholly owned by the Public Investment Fund (PIF), invested in a fund affiliated with TVM Capital Healthcare, along with other investors, Bloomberg reported.
Valued at $250 million, the fund aims to focus on the Saudi healthcare sector, the news agency said.
The new fund, named Afiyah, will invest in Saudi healthcare companies or international corporates looking to expand into the Kingdom, said Helmut Schuehsler, Chairman and CEO of TVM Capital.
Afiyah will also attract foreign investment to the Kingdom and will prioritize treatment centers and clinics as it prepares for its first four investments, he added.
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