Tharawat Tuwaiq Financial Company

The firm is licensed by the Saudi Capital Market Authority as a closed joint-stock company authorized to conduct managing investments and operating funds, arranging, and advising on securities. This CMA authorization subjects the firm to regulatory capital requirements, governance standards including an independent board, and periodic reporting obligations. The license is public record and verifiable through the CMA's register of authorized persons.

The firm operates a hybrid model, deploying proprietary capital alongside third-party funds raised from institutional and high-net-worth investors. This co-investment structure aligns the firm's balance sheet with limited partners on each transaction. The precise allocation between proprietary and managed capital has not been publicly disclosed.

The firm structures investments through both blind-pool funds and single-asset Special Purpose Vehicles, consistent with Gulf institutional LP preferences for deal-by-deal governance alongside commingled exposure. Shariah compliance is standard across vehicles given the firm's Saudi domicile and investor base. Fund terms, fee structures, and minimum commitments have not been publicly disclosed.

Based on the firm's public positioning and the Kingdom's National Transformation Program priorities, the mandate targets real estate in Riyadh's commercial and residential corridors, mid-market private equity in non-oil GDP sectors including healthcare services and logistics, and infrastructure tied to renewable energy. The firm has not published a negative list of excluded sectors.

Tharawat Tuwaiq was formed in the post-Vision 2030 regulatory window that deliberately expanded the pool of licensed Saudi asset managers capable of structuring domestic investment products. The firm's sector focus on real estate, mid-market private equity, and infrastructure directly maps to the National Transformation Program's goals of diversifying the economy away from hydrocarbons and deepening domestic capital markets.