Vice Chairman Message

Vice Chairman Message

Vice Chairman Message

This is the second consecutive year filled with global economic uncertainties, geopolitical turmoil as well as increasing volatility in commodity and currency markets. Nevertheless, amidst the challenges Sidra Capital consolidated its performance.  This is not a given under these circumstances and is the result of the hard work of our dedicated people and the foundation we have built over the past years.  Further the decision to forge ahead by expanding into known markets was taken in 2016 and we hope to see the positive outcome of this move in 2017, Inshallah. 

Overall, this past year was one in which we stepped even closer towards our goal of becoming a major Shari’ah compliant financial institution in the Kingdom of Saudi Arabia. We aim to do so by strengthening our position as a trusted financial services provider, underpinned by our core values as well as enlarging our geographical footprint in the years to come. 

This is evident from the commendable growth year-on-year of our Asset Under Management (AUM) of 81% YoY to exceed SAR 3.8 billion. Our head count increased from 23 to 28 in 2016 and we introduced our Young Saudi Professional Program to foster young Saudi talent.  We are also proud to announce that we have maintained our Platinum status, in line with the Saudization efforts of the Saudi government.  

Sidra Capital has never been shy in testing new waters and will continue to do so going forward. 2017 looks to be a promising year with the opening of our London and Riyadh offices in the pipeline and we are cautiously optimistic in view of the external challenges affecting the company.  Let me close by thanking everyone at Sidra Capital for their hard work and dedication to the company and congratulate them on a great year. 

We are aware that this will be a long journey, but we are aware of the importance of not losing our focus along the way. 

Best Regards, 
Hani Baothman,
Vice Chairman

Projects

Cincinnati, Ohio

Mercy Health Cincinnati

Sidra Capital’s announced its second foray into the US market.

Saudi Arabia

Sidra Mutajara I Fund

Aiming at family offices, corporates and sovereign entities from Saudi Arabia

Kinnaird House, Pall Mall East, London SW1Y 5AU

Kinnaird House

The Central London landmark property represents Sidra Capital’s largest transaction to date.

Fort Mill, South Carolina

Amerisource

Amerisource is Sidra Capital's first foray in the US real estate market with the developing funding and acquisition of a newly built office building

Riverside East, 2 Millsands, Sheffield, South Yorkshire, S3 8DT

Riverside

Modern Grade A office building in Sheffield, fully-let to leading UK law firm Irwin Mitchell.

Ibrahim Al-Juffali Road, the Al-Andalus district of Jeddah

Eden Residence

Sidra Capital is the advisor to a group of investors in Jeddah’s luxury residential project Eden Residence.

Grove Hall Court, Hall Road, Hamilton Drive, London NW8

Hamilton Drive

Sidra Capital partnered a London-based developer, Dwyer Property for the development of Hamilton Drive,

Drakehouse Retail Park Sheffield, S20 7JJ

Drakehouse

Drakehouse Retail Park, the largest retail park in Sheffield at 21,000 square meter

London, UK

Pink Mews

Sidra Capital is acting as the Strategic Adviser and Shari’ah Adviser to the transaction.

London, UK

Greycoat Street

Sidra Capital is acting as the Strategic Adviser to the transaction involving the acquisition of a freehold office building on Greycoat Street, SW1 Westminster.

Accra, Ghana

RMG Concept Limited

RMG Concept Limited is an investment holding company comprising of vertically integrated agricultural and commodities

Abidjan, Ivory Coast

OPES Holding

OPES has been one out of only five developers/ contractors that have been licensed/authorized under the Priority Presidential Bill for Social Housing (Bill) by the Government of Cote d’Ivoire

Dubai, UAE

Living Legends

Sidra Capital is acting as the investment adviser to the transaction involving the acquisition of 89 high end villas which are part of the prestigious Living Legends project located in the heart of Dubailand

London, UK

Chancery Lane

Sidra Capital is acting as the strategic adviser to the transaction involving the acquisition of an office building on Chancery Lane St.

London, UK

Aldwych Chambers

Sidra Capital is acting as a strategic advisor to this boutique development of 20 apartments and a penthouse

Luxembourg, Luxembourg

Sidra Ancile Global Structured Trade Investment

Sidra’s Ancile Global Structured Trade Finance Fund is currently the largest fund of is kind worldwide and the first of its kind in Saudi Arabia.

Makkah, Saudi Arabia

Hajar Tower

Sidra Capital’s Corporate Finance & Advisory team has successfully arranged a Murabaha Financing Facility on behalf of Hajar Tower Real Estate Company (HTREC) worth SAR400million

Cambridgeshire, UK

Sterling UK Real-Estate Fund (SURF)

The Sterling UK Real-Estate Fund (SURF) was established in 2011 in association with Gatehouse Bank plc.

Glasgow, Scotland

Watkin Jones

Sidra Capital advised a client to participate in an investment to invest in the acquisition of the property in September 2011

Jeddah, Saudi Arabia

Diyar Jeddah

Sidra Capital acted as the Investment Advisor to the transaction involving the development of 39 residential villas in Obhur,Jeddah

Glasgow, Scotland

Rolls Royce Core Manufacturing and Logistics Facility

Sidra Capital advised a client to participate in an investment to invest in the acquisition of the property, which is let to Rolls-Royce plc in April 2011.