Jadwa Investment appoints new CFO
Jadwa Investment, a major Saudi investment firm with headquarters in Riyadh, Saturday announced the appointment of Abdulaziz Al-Arifi as chief financial officer.
The appointment is part of the firm’s continued expansion and reinforcement of its senior management team tasked with leading the firm’s new business strategy.
Leveraging over a decade of experience in the financial services industry, Al-Arifi joins Jadwa from Bahri, the National Shipping Company of the Kingdom, where he has been treasurer in which he has been supervising the company’s investments, managing liquidity and financing.
Al-Arifi, who played an instrumental role in Bahri’s acquisition of Vela, also has extensive capital market experience as he was a founding member of the corporate finance department at the Capital Market Authority (CMA) since its inception in 2004.
During his time at the CMA, Al-Arifi participated in the Saudi capital market development through formulation of regulatory framework and issuance of several regulations such as the listing rules, and merger and acquisitions regulations. Al-Arifi also managed the application review process for IPOs, rights issues, and sukuk offering.
Al-Arifi holds a BS business management from Babson College in Massachusetts and an MBA from Stanford Graduate School of Business.
Commenting on the appointment, Tariq Al-Sudairy, managing director and CEO of Jadwa Investment, said: “We are delighted to welcome Abdulaziz on board. His appointment is part of Jadwa Investment’s ongoing efforts to strengthen our executive management team. Abdulaziz is a strong leader and has demonstrated the kind of superior business and financial acumen that makes him uniquely qualified to lead our finance team. We are certain that our team will benefit from the skills he has built as we look to continue to execute our business strategy.”
Al-Arifi said: “I am happy to be part of Jadwa’s management team. Jadwa has a talented qualified team with extensive experience, which is evident through the performance of Jadwa Investment’s portfolio in both asset management and private equity. I look forward to work closely with the team to achieve further growth and success in the future.”