Saudi Arabia-based investment bank Sidra Capital is changing its Islamic trade finance fund, initially established as closed-ended, to an open-ended format as it sees growing appetite from regional investors in the Gulf, its chief executive said
Saudi-based Sidra Capital said it has successfully advised a Saudi cornerstone investor in Blueberry Holdings, an special purpose vehicle which owned Rolls Royce manufacturing & distribution facility in Glasgow to exit his investment.
U’ve Got Meal, a provider of healthy meal programs in Dubai, has signed up Sidra Capital to help conduct the appropriate analysis on its business model and raise capital to drive its business expansion plans.
Based in Dubai
Saudi Arabia-based Sidra Capital, a Shariah compliant financial services company and Swiss-regulated Inoks Capital SA, an investment house, announced that investments in various transactions by its jointly managed fund reached $13.5 million.
The Saudi currency will not be affected by the depreciation of the US dollar, leading Turkish economist and strategist, Erda Gercek, said at a seminar hosted by Sidra Capital.
The currency exchange prices in the kingdom and