SIDF unit unveils first global investment

SIDF Investment Co. (SIC), the investment arm of the Saudi Industrial Development Fund (SIDF), announced its first global private equity investment through a strategic partnership with Investindustrial Group.

This move aligns with SIC’s efforts to attract global institutional capital and advanced industrial expertise into the Kingdom, strengthening its position as a regional hub for high-value-added manufacturing, the company said in a statement obtained by Argaam.

The two entities will jointly focus on key sectors, including equipment and machinery, automation, medical devices, food and sustainable consumer products.

The partnership aims to enhance local value-added content and foster innovation within the Kingdom’s industrial landscape.

“Through this collaboration with Investindustrial, the company seeks to integrate specialized industrial expertise, operational know-how, and global market access to support the Saudi industrial ecosystem,” said CEO Fahd bin Jamal Al-Naeem.

He added that the partnership aims to position the Kingdom as a regional and global platform for the growth of manufacturing industries.

SIC was established in 2022 to expand SIDF’s financial services and support the industrial ecosystem, according to data available with Argaam.

The company aims to support the growth of industrial enterprises in Saudi Arabia by offering innovative financial solutions and investment strategies focused on the industrial sector.