Ejada, in which SEDCO Holding has owned a 33.5% stake since 2006, has been fully acquired by Al Rajhi Bank. This has resulted in a successful exit for SEDCO from its EJADA investment.

The acquisition is an important milestone for EJADA, and an indication of how SEDCO Holding invests in the growth, performance and scalability of its operating companies.

It also aligns with SEDCO Holding’s “Focus 2025” strategy that channels investment into high-opportunity industry sectors that align with national development strategies and the goals of the Saudi Vision 2030.