Sidra Capital Launches Singapore-based VCC for Cross-Border

SINGAPORE, Jan. 28, 2024 (GLOBE NEWSWIRE) -- Sidra Capital, a leading Shari’ah-compliant asset management firm regulated by the Saudi Arabian Capital Market Authority, is delighted to announce the launch of its maiden Singapore-domiciled variable capital company Sidra Asian Opportunities Investment I VCC (VCC). In November 2023, the VCC was launched with an investment strategy focused on facilitating cross-border commodity supply chains via fully funded irrevocable Letters of Credit (LC)...