US EditionJared Kushner’s Saudi-backed private equity fund clinches first investment in Israel
- Jared Kushner's Affinity Partners investment fund has agreed to invest NIS 570 million in a 15 percent stake in the Israeli company, Shlomo Group. This investment follows a $2 billion investment in Kushner's firm by the Saudi Wealth Fund in 2021.
- The Saudi Arabian government has approved the investment in Shlomo Group, which is valued at NIS 3.8 billion.
- The agreement includes the formation of a new subsidiary that will focus on leasing, rental, sales, and credit activities. The chairman of Shlomo Group believes that this investment will create new economic opportunities in the Middle East, the US, and other countries.
5 Articles
5 Articles
Jared Kushner’s Saudi-Backed Firm Makes First Israeli Investment
Jared Kushner speaks at the inaugural event of the Abraham Accords Caucus in the Knesset, Israeli parliament, in Jerusalem October 11, 2021. REUTERS/Ammar Awad A private equity firm backed by Saudi Arabia’s sovereign wealth fund and run by former US President Donald Trump’s son-in-law, Jared Kushner, is making a $150 million investment in Shlomo Group, an Israeli conglomerate, in the latest example of growing links between the Saudis and the Jew…
Jared Kushner Secures First Saudi-Backed Investment in Israel
Former White House senior adviser Jared Kushner's private equity fund has clinched an Israeli deal, marking the first ever Saudi Arabian-backed investment into Israel as the U.S. government continues to normalize relations between the two Middle Eastern countries. Kushner's Affinity Partners, which is backed by $2 billion from Saudi Arabia's sovereign wealth fund, will invest $150 million for a 10 percent stake in the Israeli auto service Shlomo…
Kushner's Saudi-backed Affinity to acquire stake in Israeli firm
Jared Kushner's Affinity Partners is acquiring a $150 million minority stake in an Israeli car company, marking the first investment in Israel for the Miami-based private equity firm that is backed by Saudi Arabia's sovereign wealth fund.
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