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FINANCIAL NEWS
Saudi Sidra-Ancile finance assets exceed USD66.61m
01 Apr 2015
(MENAFN) The Sidra-Ancile Global Structured Trade Investment, under Saudi-Swiss co-management, exceeded USD66.61 million in its assets under management to become the leading Islamic Trade Structured Investment Fund, Saudi Gazette reported.
The two companies that are jointly set for the partnership are the Saudi Sidra Capital and the Swiss INOKS Capital. The two have managed to conjoin in 135 immediate investments through an assortment of geographies and soft commodities.
‘This is a major milestone for Sidra Capital and our partners INOKS Capital. The majority of the investors are from Saudi Arabia which shows that there is not only awareness but sufficient interest in structured trade finance,’ the CEO of Sidra Capital said.
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