We set sight on growing the company’s Assets Under Management (AUM) even further in 2016 and we managed to grow our current AUM by almost 81% from SAR 2.1 billion in 2015 to approx. SAR 3.8 billion in 2016.
2016 had witnessed huge political earthquakes across the globe. The strategic decision that we have taken in the recent past was to diversify our product offerings and geographical reach. This has positioned us in a place where we were able to embrace the challenges and enhance our performance. In the midst of the economic crisis in 2009, we started exploring other investment products such as structured trade finance, and accordingly remained steadfast over the past years. We're continuously exploring new markets and asset classes; allowing us to be less prone to market volatility through diversification.
Nonetheless real estate continues to be a major contributor to our success story, also a significant milestone was achieved in 2016 with our involvement as a strategic advisor in Kinnaird House acquisition.
Real estate investment is still one of our pillars of success. We currently manage real estate investments in excess of SAR 2.5 billion which represents a 67% increase from last year. 74% of our real estate portfolio is invested in the UK and to date we have invested in 14 UK properties with a total of SAR 2.6 billion invested and total divestment of approximately SAR 0.8 billion.
However, in the light of our diversification efforts, UK’s concentration was diluted by 5% in 2016 compared to 2015 due to new ventures in the United States, Europe and the Kingdom of Saudi Arabia.
Furthermore, we continued to diversify into other asset classes, wherein structured trade finance has seengrowth in AUM by 142% YoY.
Our two structured trade finance products that have to be highlighted this year are Sidra Mutajara Fund as well as the Sidra Ancile fund. The success of Sidra Ancile, with AUM of approximately USD100million is currently the largest Islamic structured trade finance fund in the world, which had motivated us to provide our investors with a follow up product Sidra Mutajara Fund. Over the course of 8 months the fund has reached its capacity and we closed at USD 100 million. Structured trade finance is one of the areas that we are looking to further invest in and increase its share in our asset mix in 2017.
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.