AWARD NUMBER SEVEN AND EIGHT FOR SIDRA CAPITAL IN 2016
SIDRA CAPITAL WINS BEST STRUCTURED TRADE INVESTMENT FUND & BEST ASSET MANAGEMENT FIRM 2016 - SAUDI ARABIA
Jeddah, July 2016: Sidra Capital was awarded the Best Structured Trade Investment Fund (Since Inception) for its Sidra-Ancile Global Structured Trade Fund and Best Asset Management Firm 2016 - Saudi Arabia at this this year’s Wealth & Finance Alternative Fund Awards. These two recognitions make it eight awards in total for the Saudi based financial services company in 2016.
“We have continued to increase our assets under management by focusing on alternative investments which provide a low correlation to traditional asset classes as well as expanding our real estate platform,” said Hani Baothman, Vice Chairman of Sidra Capital. “These two awards following on from our previous six are verification that we continue to be recognized by our peers and that the team assembled continue to deliver in all market environments.
Sidra Capital has won Best Real Estate Finance House, Best Asset Management House of the Year for Saudi Arabia and Best Commodity Trade Fund by Triple A, Islamic Finance Awards as well as Shari’ah Compliant Asset Management House of the Year 2016, Best Real Estate Asset Manager 2016 - Saudi Arabia and Best Global Commodities Fund 2016 by Wealth & Finance Alternative Investment Awards.
Since its inception, Sidra Capital has established itself as the preferred choice for investors who want to invest in alternatives establishing a strong track record in creating innovative and award-winning products.
Sidra Ancile Global Structured Trade Finance Fund, is the largest Islamic structured trade finance fund globally and was the first of its kind in the Kingdom of Saudi Arabia. As of 30 June 2016 Sidra Capital manages assets exceeding SAR 3.4 billion.
Licensed by the Saudi Capital Market Authority (CMA License Number: 08116-37) in 2009, Sidra Capital is a Shari’ah compliant financial services company located in the Kingdom of Saudi Arabia with a paid up capital of SAR 90million. Sidra Capital licenses allow us to perform dealing (as principal & underwriter), managing, arranging, advising and custody activities.