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

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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