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.

The acquisition comes on the heels of BlueFive’s partnership earlier this month with the private equity arm of China International Capital Corporation (CICC), aimed at creating a fund to invest in Chinese companies across advanced manufacturing, consumer goods, and the green economy. That initiative seeks to leverage the Gulf as a hub for manufacturing and distribution.

By combining Sidra’s regional expertise with its own growing portfolio, BlueFive plans to expand into other Muslim-majority markets and capture rising demand for ethical and faith-based investment vehicles.