Saudi PE Firm Jadwa Said to Put UniPharma Stake on Sale

Jadwa Investment Co. is looking to sell its stake in one of Saudi Arabia’s largest pharmaceutical groups, according to people familiar with the matter, offering buyers an opportunity to tap into a fast-growing segment of the kingdom’s economy.

The private equity firm is working with EFG Hermes to divest its 51% stake in UniPharma, the people said, asking not to be named as the information is private. Jadwa, which acquired the stake in UniPharma in 2020, is seeking a valuation of about 1 billion riyals ($267 million), they said.