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Sidra Ancile Global Structured Trade Investment Fund exceeds SR250m
(MENAFN- Arab News) The Sidra-Ancile Global Structured Trade Investment Fund recently surpassed SR250 million ($66 million) under management to become the world's largest Islamic structured trade investment fund.
The fund that is co-managed by Saudi-based Sidra Capital and Swiss-based INOKS Capital has made 135 short-term investments as to 2014 across a variety of geographies and soft commodities.
'This is a major milestone for Sidra Capital and our partner 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 in the Kingdom as an alternative to conventional investment vehicles' said Hani Baothman CEO of Sidra Capital.
Structured trade finance is an alternative means of providing trade financing facility to SMEs to overcome the difficulty of obtaining financing due to their weak financial standing as per bank analysis.
Further discussing the strategy 'we believe that it greatly benefits from this risk miss-perception arbitrage' said Nabil Abdul-Massih CEO of INOKS Capital. 'The much needed growth capital it provides allows these real tangible non-speculative businesses to mature and in the process generate wealth for the investors and the invested communities.'
'The strategy of the fund that invested across Africa East Europe Asia and MENA region is to support growth in the real economy by actively providing working capital to non-speculative value added SMEs focusing on agricultural commodities energies and metals' said Mohammad Currim Oozeer deputy CEO of Sidra Capital.
Sidra-Ancile has a non-leveraged approach which aims to generate consistent coupon like returns with low volatility. Apart from being fully Shariah-compliant the fund sets high ethical standards.
The Sidra-Ancile has won the International Finance News Best Trade Finance Deal of the Year 2012 Best Islamic Structured Trade Finance 2013 by Asset Asian Awards and the Most Innovative Deal of Year 2014 by International Finance News.
The fund that is co-managed by Saudi-based Sidra Capital and Swiss-based INOKS Capital has made 135 short-term investments as to 2014 across a variety of geographies and soft commodities.
'This is a major milestone for Sidra Capital and our partner 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 in the Kingdom as an alternative to conventional investment vehicles' said Hani Baothman CEO of Sidra Capital.
Structured trade finance is an alternative means of providing trade financing facility to SMEs to overcome the difficulty of obtaining financing due to their weak financial standing as per bank analysis.
Further discussing the strategy 'we believe that it greatly benefits from this risk miss-perception arbitrage' said Nabil Abdul-Massih CEO of INOKS Capital. 'The much needed growth capital it provides allows these real tangible non-speculative businesses to mature and in the process generate wealth for the investors and the invested communities.'
'The strategy of the fund that invested across Africa East Europe Asia and MENA region is to support growth in the real economy by actively providing working capital to non-speculative value added SMEs focusing on agricultural commodities energies and metals' said Mohammad Currim Oozeer deputy CEO of Sidra Capital.
Sidra-Ancile has a non-leveraged approach which aims to generate consistent coupon like returns with low volatility. Apart from being fully Shariah-compliant the fund sets high ethical standards.
The Sidra-Ancile has won the International Finance News Best Trade Finance Deal of the Year 2012 Best Islamic Structured Trade Finance 2013 by Asset Asian Awards and the Most Innovative Deal of Year 2014 by International Finance News.
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