Jeddah, Saudi Arabia : BlueFive Capital announced the completion of its acquisition of a significant stake in Sidra Capital, a Jeddah-based firm specializing in Sharia-compliant asset management. As part of the transaction, Sidra Capital will adopt a new brand identity under the name BlueFiveSidra.

As part of the deal, Al Murjan Group, one of the established and prestigious family business management groups in Saudi Arabia, whose shareholders also own Sidra Capital, completed its acquisition of a significant stake in BlueFive786, the Sharia-compliant investment arm of BlueFive Capital.

Hazem Bin Qasim, the founder and CEO of BlueFive Capital, will chair both the investment committee and the executive committee of BlueFive Sidra.

A global platform for Islamic finance

BlueFive Capital and Al Murjan Group are collaborating to launch a global Sharia-compliant asset management platform, with the aim of providing investment products that meet the needs of a broad segment of Muslims who are still underserved in the Gulf Cooperation Council countries and Southeast Asia.

BlueFive786, headquartered in Singapore, aims to provide a range of Sharia-compliant investment products. These include retirement and savings programs designed to meet the needs of savers and retirees, particularly in Southeast Asian countries such as Indonesia, Malaysia, Bangladesh, Brunei, and Singapore.

BlueFiveSidra and its subsidiaries manage assets worth US$3.8 billion in Saudi Arabia and globally. The company is licensed by the Saudi Capital Market Authority, the Dubai Financial Services Authority, and the Monetary Authority of Singapore. Since 2023, BlueFiveSidra has seen revenue growth exceeding 50%, contributing to a significant increase in net profit annually. The company has maintained a strong and consistent performance, achieving a 15% return on equity over the past five years, outperforming similar asset management firms in the Kingdom.

Cross-border investment opportunities

This partnership will provide BlueFive Group and Al Murjan Group with cross-border investment opportunities and institutional capital. BlueFive will also provide Sidra Capital with support in asset allocation and investment mandate execution. BlueFive Sidra is expected to benefit from BlueFive Capital’s extensive global reach and diversified portfolio of investment products, enabling investors in Saudi Arabia to access BlueFive’s investment solutions, which include private equity, infrastructure, real estate, leasing, insurance, and Islamic finance. In return, after its relaunch with its new identity, the company will provide BlueFive Capital’s investors around the world with the opportunity to enter the promising Saudi market, benefiting from its established local presence and regulatory license within the Kingdom.

Contact information :

Aisha Daya

Email: adaya@bluefivecapital.com

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