Al Murjan Group, considered one of Saudi Arabia’s most established and revered household enterprise teams, and BlueFive Capital, a world funding platform, are happy to announce a cross shareholding strategic linkup to co-develop a world platform for Islamic finance.
The partnership contains reciprocal possession stake within the two stakeholders’ respective Sharia-compliant asset administration models: BlueFive buying a considerable minority stake in Sidra Capital, a number one Shariah-compliant asset supervisor that makes a speciality of personal property, and Al Murjan Group Holding buying a considerable minority stake in BlueFive786, BlueFive’s newly launched Shariah-compliant funding arm.
BlueFive786, which will likely be headquartered in Singapore, goals to supply Sharia-compliant funding merchandise, resembling retirement and saving schemes to its savers and retirees, primarily based predominantly within the Southeast Asian nations of Indonesia, Malaysia, Bangladesh, Brunei and Singapore.
As a part of the deal, BlueFive will open its workplace in Riyadh and changing into lively, collectively alongside Sidra Capital, in managing and endeavor investments within the Kingdom Of Saudi Arabia.
The deal will present each events with enhanced entry to cross-border funding alternatives and institutional capital. This partnership will even help joint product improvement and co-branded funding autos, enabling institutional and personal shoppers to entry best-in-class Islamic funding methods. The events are presently awaiting the ultimate approvals of the related regulatory authorities in Saudi Arabia.
As a part of the transaction, BlueFive Capital founder and chief govt Hazem Ben-Gacem, and BlueFive co-Founder Yasser Bajsair will be part of the board of administrators of Sidra Capital. Taufiq Bahamdain CEO Of Al Murjan Group Holding and Shahid Shaikh – a board member in Al Murjan Group will characterize Al Murjan within the board of BlueFive 786.
Taufiq Bahamdain, CEO of Al Murjan Group and board member at Sidra Capital, mentioned: “This strategic alignment with BlueFive Capital builds upon Sidra Capital’s many years of expertise in Islamic Finance, taking its mission to turn out to be a globally acknowledged chief in Sharia-compliant finance to the following degree. By combining Sidra Capital’s established experience and deep roots within the GCC with BlueFive’s progressive platform and entry to Southeast Asia’s dynamic markets, we’re creating a robust conduit for cross-border moral investments. This partnership is constructed on a shared dedication to delivering efficiency, increasing entry to classy, values-driven funding markets for a world clientele.”
Hazem Ben-Gacem, Founder and Chief Govt of BlueFive Capital, mentioned: “Grateful for the belief of Sheikh Abdulrahman Bin Mahfouz and sit up for joint with AlMurjan constructing a long-lasting legacy within the area of Sharia-compliant investing. Joint with Sidra Capital, will look to redefine and form the merchandise and options which are at present accessible throughout Muslim-majority development markets.”
Al Murjan Group is a multibillion-dollar international conglomerate. Originating in Saudi Arabia, the corporate’s operations span a number of financial sectors and embody monetary investments, 100% owned enterprise models, minority owned investments, revenue producing actual property property and personal fairness investments.
For extra data, please go to www.almurjan.com
Sidra Capital, based in 2009 and headquartered in Jeddah, has $3.6 billion AUM and operates out of further workplaces in Riyadh, Dubai, London, and Singapore. The agency presents a full suite of Shariah-compliant asset administration and advisory companies and is regulated by the Saudi Capital Market Authority, the Dubai Monetary Companies Authority, and the Financial Authority of Singapore.
For extra data, please go to www.sidracapital.com
BlueFive Capital is a world funding platform that at present has $2.6 billion in AUM and targets alternatives in high-growth economies with the aim of remodeling conventional monetary fashions and fostering sustainable development. Included in Abu Dhabi International Market and with workplaces in London, Manama, Abu Dhabi, Dubai and Beijing, the agency gives strategic publicity to sectors that may outline the following technology of financial prosperity via consolidating components of the monetary companies business throughout insurance coverage, personal wealth and public markets.
BlueFive Capital was based in late 2024 and is led by Hazem Ben-Gacem, one of many longest tenured professionals within the international personal fairness panorama.
BlueFive 786 goals to be a number one different asset supervisor for Shariah-compliant monetary devices globally. Headquartered in Singapore, BlueFive 786 connects the high-growth and populous Islamic markets of the GCC and Southeast Asia with Shariah-compliant funding choices that convey enticing returns, together with annuity and stuck revenue merchandise; personal fairness, actual property and infrastructure; and from the administration of waqf and commerce finance funds.
For extra data, please go to www.bluefivecapital.com
