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Saudi’s Sidra Capital Opening Islamic Trade Fund to GCC investors
Saudi Arabia-based investment bank Sidra Capital is changing its Islamic trade finance fund, initially established as closed-ended, to an open-ended format as it sees growing appetite from regional investors in the Gulf, its chief executive said.
The Luxembourg-registered fund provides working capital to small businesses focusing on agricultural commodities, energy and metals, a segment often neglected by Islamic lenders, across emerging markets outside Saudi Arabia.
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