Vice Chairman Message

Vice Chairman Message

Vice Chairman Message

2009 was a time when innovation and cutting-edge thinking was demanded in the new financial world. Sidra Capital, with its mission to become one of the top financial services provider in the region for investors seeking unique and customized solutions, stepped up to meet that demand.

The year 2015, which has recently passed us had been impacted by global economic uncertainties and turmoil to some geographical extent as well as volatilities in the commodity and currency markets.  Notwithstanding, Sidra Capital had been able to consolidate its performance strongly based on the foundations set up in the previous years and is now well positioned for continuous growth in the years to come. 

This is evident from the commendable growth Y-o-Y of our Asset Under Management (AUM) of 58% to exceed SAR 2.1 billion and our role in making our flagship fund, Sidra-Ancile Structured Trade Finance Fund the largest fund of its kind worldwide.  Nevertheless, we are aware that the journey is still a long one, albeit on sight and it is important that we do not lose our focus along the way.

2015 has been a noteworthy year in terms of our real estate investments wherein we have closed record 4 transactions and in the process. Today, with assets worth SAR 2.1 billion under management and the primary constituent of the AUM is global real estate, we can rightly claim that we have taken a giant leap in our ongoing mission and established ourselves as preferred choice for investors who seek investment opportunities abroad. 

We are also pleased to announce the addition of ex-Prime Minister of Pakistan, His Excellency Shawkat Aziz to the Board of Directors.  Further, there were a few senior movements within the firm wherein Mr. Muhammad Currim Oozeer was promoted to become the Chief Executive Officer in place of Mr. Hani Othman Baothman, who remains as the Vice-Chairman of the Board of Directors.  In addition to his current role as the Head of Asset Management, Mr. Naim Azad Din was promoted to Deputy CEO. 

Our outlook for the firm for 2016 and the following years remains cautiously optimistic in view of the external challenges both micro and macro but we shall remain steadfast in moving to greater heights.  

The manner in which we have accomplished many of our goals is what is most significant. Sidra Capital proved to be a true pioneer in the investment industry, forging a reputation for creating innovative, first of its kind and award-winning products that offer attractive returns while remaining strictly Shari’ah-compliant. 

Let me close by thanking everyone at Sidra Capital for their hard work and dedication to the firm and congratulate them on another year of outstanding performance.

Thank you.

Hani Othman 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.