Sidra Capital, a Shari’ah-compliant financial services company located in Saudi Arabia, has won the Alternative Asset Manager of the Year 2016 Award at the Global Investor/ISF Mena Awards in Dubai, recently.

This is Sidra’s ninth award in 2016, said statement.

“We keep an edge over our competitors by listening to investors, keeping abreast with their needs and responding to their requirements for capital preservation, and stable recurring income, in a world of uncertainty,” said Hani Baothman, vice-chairman of Sidra Capital. “This year we managed to replicate and exceed our success of 2015. Robust increases in revenues and AuM attest to our strong investment philosophy that prioritizes investor requirements.”

Sidra Capital closed its Riverside and Kinnaird House (Pall Mall) transactions in early 2016 followed by securing an income generating single let office property in Charlotte, South Carolina, US. In Saudi Arabia, the company has been mandated to advice on the Eden Residence project, it said.
 
Another big success in 2016 was the close of Sidra Mutajara Fund, a trade finance fund which pays regular dividends to investors and is see as an alternative to traditional liquidity management products. Following the success of Mutajara the company is considering a follow up product in the near future.

Licensed by the Saudi Capital Market Authority in 2009, Sidra Capital concentrates its efforts on asset management and corporate finance and advisory.  Its licences allow it to perform dealing (as principal and underwriter), managing, arranging, advising and custody services.

Sidra Capital currently manages assets exceeding SR3.8 billion which are all invested in alternative investments. Backing its strong track record in creating innovative and award-inning products is the Sidra Capital Ancile Global Structured Trade Finance Fund, which is currently the largest of its kind in the world and was the first fund of its kind in Saudi Arabia.  – TradeArabia News Service