Saudi's Sidra Capital Opening Islamic Trade Fund to GCC investors

Saudi's Sidra Capital Opening Islamic Trade Fund to GCC investors

Saudi Arabia-based investment bank Sidra Capital is changing its Islamic trade finance fund, initially established as closed-ended, to an open-ended format as it sees growing appetite from regional investors in the Gulf, its chief executive said.

The Luxembourg-registered fund provides working capital to small businesses focusing on agricultural commodities, energy and metals, a segment often neglected by Islamic lenders, across emerging markets outside Saudi Arabia.

To read more: https://en-maktoob.news.yahoo.com/saudis-sidra-capital-opening-islamic-t...

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