Friendships have important implications for adolescents' psychological and social adjustment. However, there is still limited evidence on how different same-ethnic and cross-ethnic friendships are formed and regarding their role in refugee adjustment. Therefore, the present study was designed to examine the interplay of parents' and adolescents' same-ethnic and cross-ethnic friendships with adolescents' "own" psychological and social adjustment among refugee adolescents. Participants were 208 Syrian refugees (71.2% female; M[subscript age] = 15.35, SD[subscript age] = 0.95) in the Southeastern Anatolia Region of Turkey. Findings indicated that refugee parents' same-ethnic and cross-ethnic friendships were positively related to their children's same-ethnic and cross-ethnic friendships. Moreover, parents' same-ethnic friendships were negatively linked with adolescents' social well-being, whereas parents' cross-ethnic friendships were positively related to adolescents' social well-being. Furthermore, adolescents' same-ethnic and cross-ethnic friendships were both positively related to adolescents' social well-being, and cross-ethnic friendships were also positively associated with psychological well-being. These findings suggest that adolescents' cross-ethnic friendships mediated the positive associations of parents' cross-ethnic friendships with adolescents' social and psychological well-being. Overall, our study provides novel insights into the protective roles of diverse friendships for refugee adolescents.