The Deputy Minister of Human Resources sponsors the launch ceremony of Jadwa Investment Company for two investment funds


His Excellency the Deputy Minister of Human Resources and Social Development, Chairman of the Executive Committee of the National Center for the Development of the Non-Profit Sector, Majid bin Abdul Rahim Al-Ghanimi, sponsored the launch ceremony of Jadwa Investment Company for two investment funds to develop the non-profit sectors.

Jadwa Company will provide an investment platform compliant with the provisions of Islamic Sharia and dedicated to non-profit organizations licensed by the National Center for the Development of the Non-Profit Sector through these two investment funds “Jadwa Balanced Fund for Social Development” and “Jadwa Conservative Fund for Social Development”. This platform aims to maintain On the capital of participating non-profit entities and its long-term development.

Participating non-profit entities will have the freedom to choose between balanced or conservative strategies to invest their capital through asset classes, as they will provide the feasibility of strategic and operational support to ensure the management of participating capital in line with their investment objectives, risk appetite and liquidity requirements.

On this occasion, Al-Ghanimi said: “Non-profit organizations play an important role in every society, serving their programs and empowering needy individuals, families and communities throughout the Kingdom. The Ministry is keen on developing the financial resources and capabilities of non-profit organizations, enabling them to achieve their goals and desired social impact from by expanding and diversifying its sources of income.

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