Sidra’s private finance investment strategy generates strong returns despite challenging market conditions.
Jeddah, September 27, 2020 – Sidra Capital’s US dollar-denominated Mutajara Fund has been successfully achieving its targets and is on course to deliver returns in excess of 6% for 2020, with no payment defaults or delays despite the challenging market conditions created by the global COVID-19 pandemic. The returns generated by the fund are superior to the USD money market return rate of 0.5% per annum.
The Sidra Ancile Global Structured Trade Investment Fund (GSTIF), Sidra Mutajara Fund (SMF), and Sidra Income Fund (SIF) continued to perform consistently during 2020, reflecting Sidra’s expertise in balancing risks and opportunities. The liquid investment funds cater to institutional investors and together encompass a total of USD 177 million in Assets Under Management (AUM), with the SMF alone accounting for USD 37 million in AUM.
“The COVID-19 pandemic has created shockwaves throughout the global economy, so it has been encouraging to see increased investment interest in trade finance, especially in the agricultural and commodities sectors,” said Hani Baothman, Chairman of Sidra Capital. “Sidra’s track-record in generating risk-adjusted returns and ability to adapt to changing market conditions have enabled us to achieve consistent results, despite a challenging climate.”
A pioneer and leader in Shari’ah-compliant structured-trade finance in Saudi Arabia, Sidra Capital’s liquid investment strategy offers diversified exposure to emerging markets with quarterly distribution and exit.
About Sidra Capital
Sidra Capital was founded in 2009 and headquartered in Jeddah, Saudi Arabia – with offices in Riyadh, London and Dubai. Licensed by the Saudi Capital Market Authority, Sidra Capital is a Shari’ah compliant asset manager that specializes in alternative investments, focusing on real estate, private finance and private equity. With the extensive range of international network of partners allowing to constantly explore new avenues, Sidra Capital has total assets under management of approximately USD 2 billion spanning across multiple locations.
For further information, please contact:
Head of PR and Marketing