Private Equity
MASIC’s private equity strategy centers around two pillars: First, locally, where MASIC’s focus is on acquiring influential equity stakes in growth companies and on establishing sector-specific platforms in partnership with experienced local and/or foreign investors. Second, globally, where MASIC’s focus is on investing as a limited partner with top-tier venture capital and growth equity fund managers, primarily in developed markets.
MASIC’s direct private equity investments include the following:
National Aquaculture Group (Naqua)
The first phase of the NAQUA projects was started in 1982. This has been a turning point in the history of the Kingdom as with it, the country has become a global seafood producer. Today, NAQUA is considered one of the largest aquaculture operations of its type in the world, offering consumers the opportunity to enjoy products that are grown in Saudi farms which are strategically located by the coast of the Red Sea in Saudi Arabia, 180 kilometers south of Jeddah.
NAQUA is one of the world’s largest fully-integrated marine farms specializing in shrimp and fish production with a total investment of SAR 4 billion. Over 4,000 employees work at NAQUA from 32 different nationalities to produce over 50,000 tons of marine products per year. Naqua’s products reach around 32 countries in the world including Japan, Korea, China, Australia, and the United States in addition to several European and Arab countries.
Farabi Petrochemicals
Farabi Petrochemicals is a global major in Linear Alkyl Benzene (LAB) & N-Paraffin business with plants in Jubail and Yanbu Industrial Cities of the Kingdom of Saudi Arabia.
Farabi today operates two world scale N-Paraffin plants, and three world scale LAB plants, in addition to its specialty oils and specialty chemicals plants. Farabi is the largest N-Paraffin and the second largest LAB producer in the world today.
Jadwa Investment
Headquartered in Riyadh with three regional offices, Jadwa Investment is a multi-service investment management and advisory firm licensed by the Capital Market Authority (CMA) in Saudi Arabia and by the Dubai Financial Services Authority (DFSA) in the United Arab Emirates. The firm’s clients include government entities, local and international institutional investors, leading family offices, and high-net-worth individuals.
Today, Jadwa is Saudi Arabia’s best performing public equity manager, largest private equity investor, and largest manager of listed REITs. Jadwa has developed a reputation as the partner best able to deliver differentiated performance to its clients, and best suited to take businesses to the next phase of institutionalization and growth. Jadwa defines itself by its client focus, prudent investment philosophy, and ethos of partnership in and outside the firm.
Alargan Projects
Established in Riyadh, Alargan Projects has adopted a clear strategy based on specialization in the development of fully integrated residential neighborhoods comprising different types of villas and apartments in an environment that offers complete support services, such as mosques, schools, and commercial and entertainment centers. In addition, ample green spaces provided in these residential projects are a testimony to the healthy and aesthetic aspect of Alargan Projects.
Since its inception in 2006, Alargan has been a leading example of steadfast commitment towards providing best services and innovative residential projects to Saudi families. This commitment is manifested in the company’s diversified and expanding range of investments, which include a number of award-winning projects in Riyadh, Khobar, Dammam, Jubail and Yanbu.
Fajr Capital
Fajr Capital is a leading private equity investor in the Middle East and Southeast Asia. It focuses on creating enduring value for its shareholders and the communities it serves. Fajr Capital invests in high-growth companies and supports their long-term strategic, financial and operational development.
The firm believes in values-based and impact-driven investment. Fajr Capital’s partnership-centric investment philosophy is based on the principle of “investing in what we know, where we know, and with whom we know.”
Thakher Development Company
Thakher Development Co. is a real estate developer established as an ambitious partnership between MASIC and leading real estate investors and developers in the Kingdom of Saudi Arabia with the objective of creating and executing solutions that redefine and transform the real estate development market and propel the Company to becoming a pioneer in real estate development in the Makkah region.
Thakher’s first project is a 320,000 sqm master plan development in the Holy City of Makkah. The project is focused on the quality of life aspects and encompassing residential, hospitality, commercial, and community areas. In July 2022, Thakher inaugurated its first property in the project, a 1,500-key Novotel hotel considered as one of the largest Novotel hotels in the world.
