Jefferies Joins Wall Street Peers in Saudi Private Credit Push

Jefferies Financial Group Inc. is making its first foray into Saudi Arabia’s private credit space, leading a $125 million financing deal for finance startup Erad.

The investment bank and co-investor Channel Capital are providing an asset-backed, scalable facility that will allow Erad to boost its lending to domestic small-and-medium sized companies through its platform, according to a statement from the Riyadh-based firm.