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Sidra Mutajara Fund
Sidra Mutajara is an open-ended US Dollar-denominated fund set out to achieve liquidity and steady performance. The fund’s investment objectives are to generate sustainable above benchmark returns by investing in sharia compliant money market Instruments including term deposits, securities and trade finance contracts (both domestically and globally) in addition to other local and global investment funds with similar objectives.
The fund is licensed by the Saudi Arabian Capital Market Authority (CMA). It provides investors with quarterly distributions and the option of liquidity through the quarterly exit feature.
DOMICILE
Saudi Arabia
TYPE
Open-ended
TARGET RETURN
4.00%
INCEPTION
September 2016
STATUS
Distributing