Jadwa Investment

Jadwa Investment, an investment manager part-owned by the Saudi royal family, and European investor CIT bought London King’s Reach Tower for more than $90 million and are planning on spending a further $300 million on the building - The London Offices News is reporting

The 31-storey tower situated on London’s south bank overlooking the Thames is currently unoccupied and has planning permission for a redevelopment, along with the adjacent podium building. Buyers hope an improvement in the economy will solve the problem of the lack of tenants in the near future. King's Reach Tower is the fourth joint Jadwa-CIT acquisition. The companies are planning to spend an additional almost $752 million on investing in the UK property sector in the future.

Jadwa Investment is listed in the Middle East Investors Directory with the code BFD82.

The full story of London Offices News follows

Jadwa Investment, an investment firm based in Saudi Arabia, has completed its acquisition of an equity stake in the beverage company Gulf Union Foods Company (GUFC).

The acquisition is done through Jadwa Food and Beverage Opportunity Fund.

GUFC is a juice and beverage manufacturing company in the Kingdom. The company manufactures juices, nectars and flavored drinks, with its products sold in more than 20 countries across different regions, including Saudi Arabia, GCC, Levant, North Africa, Canada, UK, Indian Subcontinent and other countries. It currently has 550 staff and brands like Original, Maaza, Captain and Qobtan. (To see more Saudi investors like Jadwa check our investors directory)

Their full press release follows

Another great presentation from the 4th annual Private Equity MENA 2008, organized by Terrapinn, was the one by Brad Bourland, Chief Economist at Jadwa Investment of Saudi Arabia. (Brad was the Chief Economist at Samba in Riyadh for almost 9 years before joining Jadwa.) Enjoy!