Jeddah-based Sidra Capital, a prominent Shariah-compliant asset manager, has completed a major transaction with global investment platform BlueFive Capital, which has acquired a substantial stake in the Saudi firm. The deal, first announced in September 2025, will see Sidra Capital rebrand as BlueFiveSidra, creating a new heavyweight in the Islamic finance sector.
Quick Facts
- BlueFive Capital acquires a substantial stake in Sidra Capital.
- The new entity, BlueFiveSidra, manages $3.8 billion in assets.
- Creates a global Shariah-compliant finance platform.
A Two-Way Strategic Partnership
The agreement, which closed on June 30, 2026, after receiving all regulatory approvals, is structured as a two-way partnership. Concurrently with the acquisition, Al Murjan Group, a major Saudi family business group and Sidra Capital’s owner, has acquired a substantial stake in BlueFive786, BlueFive Capital’s own Shariah-compliant investment arm.
This reciprocal structure gives each group a direct economic and governance interest in the other’s platform. Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital, will now chair both the Investment and Executive Committees of the newly formed BlueFiveSidra.
Hazem Ben-Gacem commented, “This is a landmark moment for both BlueFive Capital and Sidra Capital. Bringing our platforms together under BlueFiveSidra creates a formidable player, one that combines global scale with on-the-ground insight, and one that is perfectly positioned to serve the vast demand for Shariah-compliant investment solutions across the Kingdom and beyond.”
Expanding Global Reach
The partnership is aimed at building a global Sharia-compliant asset management platform to serve the large Muslim population across the GCC and Southeast Asia. BlueFive786, which will be headquartered in Singapore, plans to offer Shariah-compliant investment products like retirement and savings schemes to investors in Indonesia, Malaysia, Bangladesh, Brunei, and Singapore.
The combined BlueFiveSidra entity now holds regulatory licenses from the Saudi Capital Market Authority (CMA), the Dubai Financial Services Authority (DFSA), and the Monetary Authority of Singapore (MAS), giving it a significant operational footprint across key financial hubs.
Strong Performance Meets Global Scale
Sidra Capital enters the partnership with a strong performance history. The firm’s revenue has grown by more than 50 percent since 2023, and it has delivered an average return on equity of 15 percent over the past five years, outperforming comparable asset managers in Saudi Arabia.
Through the deal, Saudi investors will gain access to BlueFive Capital’s global products, including Private Equity, Infrastructure, and Real Estate. In turn, BlueFive’s international investors will have a direct, regulated channel to invest in Saudi Arabia’s growing economy.
Muhammad Currim Oozeer, Chief Executive Officer of BlueFiveSidra, said, “By combining Sidra’s strong track record and regulatory standing in Saudi Arabia, the UAE and Singapore with BlueFive Capital’s international platform and product depth, we are uniquely equipped to deliver enhanced value to our clients in KSA and beyond. BlueFiveSidra is well positioned to be a leading force in the rapidly growing market of Shariah-compliant products and services.”
About Sidra Capital
Founded in Jeddah, Saudi Arabia, Sidra Capital is a leading Shariah-compliant asset manager now operating as BlueFiveSidra. The firm manages $3.8 billion in assets across Saudi Arabia and international markets. It is regulated by the Saudi Capital Market Authority (CMA), the Dubai Financial Services Authority (DFSA), and the Monetary Authority of Singapore (MAS).
Source: Zawya
