BlueFive Capital to acquire stake in Saudi’s Sidra Capital, expanding Islamic finance reach
Abu Dhabi-based BlueFive Capital will acquire a significant minority stake in Saudi Arabia’s Sidra Capital as part of its strategy to build a global asset management platform focused on Shariah-compliant investments.
As part of the agreement, Sidra’s shareholder Al Murjan Group will also take a stake in BlueFive786, a newly created Islamic finance unit of the Emirati investment firm. The move underscores BlueFive’s push into Islamic finance, a sector whose assets reached nearly $3.9 trillion at the end of 2024 and continue to expand globally.
Sidra currently manages $4.1 billion in assets, with a strong track record in Saudi-focused investment products. BlueFive, established last year, has already scaled rapidly, managing $2.6 billion in assets and completing a $2 billion raise for its debut private equity fund in July.
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Muhammad Ali Bandial