Abu Dhabi’s BlueFive Capital creates asset management platform via strategic tie-up
BlueFive Capital, an Abu Dhabi-based asset management firm, has acquired a stake in Sidra Capital, a Shariah-compliant asset manager based in Saudi Arabia, to deepen its presence in the kingdom and expand capabilities.
Under the terms of the agreement, Jeddah-headquartered Sidra Capital will be rebranded as BlueFiveSidra, creating a Shariah-compliant asset management platform with $3.8 billion in assets under management and regulated presence across Saudi Arabia, the UAE and Singapore. BlueFiveSidra has reported a 50% rise in revenues since 2023, with an average return on equity of 15% over the past five years.
The acquisition, which was first announced last September, was closed out on June 30, 2026.
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