Riyadh – Mubasher: Sidra Capital’s US dollar-denominated Mutajara Fund has achieved its targets and is on course to deliver returns in excess of 6% for 2020, with no payment defaults or delays, despite a challenging climate.
The returns generated by the fund are higher than the USD money market return rate of 0.5% per year, according to a press release on Sunday.
“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 Sidra Capital's chairman, Hani Baothman.
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 $177 million in Assets Under Management (AUM), with the SMF alone accounting for $37 million in AUM.
Founded in 2009 and headquartered in Jeddah, Sidra Capital has total assets under management of about $2 billion spanning across multiple locations.
