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, but in fact 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 maintain this through 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 wrap up 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.
The Hub office building which was built in 2009 offers 103,000 square feet of modern office space and serves as a regional headquarter for a globally operating consultancy.
37 Esplanade is located in the heart of St Helier’s financial district. The 88,353 square feet prime office building was constructed in 2013 and provides Grade A office space to various blue chip tenants.
Diversified US Real Estate Portfolio
A Multi Asset Portfolio located across ten states in the United States. The Portfolio offers a diverse mix of industrial, multi family and student properties in strong locations.
Great Western Retail Park
Great Western Retail Park offers 193,628 square feet of modern retail warehouse space on a 20.2 acre site in Glasgow, Scotland.
Anchored by Hilton Hotels as their main UK HQ, Maple Court is within 10 minutes walking distance from Watford Junction station, the main rail artery to London and the North. The site offers 71,902 square feet of office space on a 2 acre site.
Mercy Health Cincinnati
Sidra Capital’s announced its second foray into the US market.
Sidra Mutajara I Fund
Aiming at family offices, corporates and sovereign entities from Saudi Arabia
The Central London landmark property represents Sidra Capital’s largest transaction to date.
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
Modern Grade A office building in Sheffield, fully-let to leading UK law firm Irwin Mitchell.
Sidra Capital is the advisor to a group of investors in Jeddah’s luxury residential project Eden Residence.
Sidra Capital partnered a London-based developer, Dwyer Property for the development of Hamilton Drive,
Drakehouse Retail Park, the largest retail park in Sheffield at 21,000 square meter
Sidra Capital is acting as the Strategic Adviser and Shari’ah Adviser to the transaction.
Sidra Capital is acting as the Strategic Adviser to the transaction involving the acquisition of a freehold office building on 33 Greycoat street, SW1 Westminster.
RMG Concept Limited
RMG Concept Limited is an investment holding company comprising of vertically integrated agricultural and commodities
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
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
Sidra Capital is acting as the strategic adviser to the transaction involving the acquisition of an office building on Chancery Lane St.
Sidra Capital is acting as a strategic advisor to this boutique development of 20 apartments and a penthouse
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.
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
Sterling UK Real-Estate Fund (SURF)
The Sterling UK Real-Estate Fund (SURF) was established in 2011 in association with Gatehouse Bank plc.
Sidra Capital advised a client to participate in an investment to invest in the acquisition of the property in September 2011
Sidra Capital acted as the Investment Advisor to the transaction involving the development of 39 residential villas in Obhur,Jeddah
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.