SIDRA Capital has bagged its ninth award in 2016. In the presence of industry leaders, Sidra was awarded the Alternative Asset Manager of the Year 2016 at the Global Investor/ISF MENA Awards in Dubai.
“We try to 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 and by meeting their requirements and risk appetite,” said Hani Baothman, Vice-Chairman of Sidra Capital. “We managed to continue replicate and exceed our success from 2015. Robust increases in revenues and Assets und Management attest to our strong investment philosophy that prioritizes investor requirements.”
Sidra Capital closed Riverside’s transactions in early 2016 followed by securing an income generating single let office property in Charlotte, South Carolina, USA and advising on a mega real estate project in Greece. In Saudi Arabia, the company has been mandated to advise on the Eden Residence project. Another big success was the closer of the Sidra Mutajara Fund after the capacity of the fund was reach.
Licensed by the Saudi Capital Market Authority in 2009, Sidra Capital is a Shariah-compliant financial services company located in the Kingdom of Saudi Arabia which concentrates its efforts on Asset Management and Corporate Finance & Advisory. It licenses allow it to perform dealing (as principal & underwriter), managing, arranging, advising and custody services.
Sidra Capital currently manages assets worth exceeding SR3.8 billion which are all invested in alternative investments. Backing its strong track record in creating innovative and award-winning products is the Sidra Capital’s Ancile Global Structured Trade Finance Fund, for example, which is currently the largest of its kind in the world and was the first of its kind in the Kingdom of Saudi Arabia.
