Sidra Capital is a Shari’ah compliant asset manager, licensed by the Saudi Capital Market Authority, that focuses on income generating real estate and private finance strategies. Sidra Capital has partnered with Apex Group as its preferred service provider since 2018, providing its single-source solutions across Dubai, Singapore, Cayman US, Guernsey and Luxembourg jurisdictions.
Apex Group supports Sidra Capital with technology-enabled Fund Administration and Reporting, Corporate Secretary, Directorship, Custody and AML Officer services, delivered by Apex Group and subsidiary brand EDB, via one convenient relationship.
According to a Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.
Apex Group’s service delivery is underpinned by ‘best in class’ technologies, offered through a combination of joint ventures with award winning technology providers, as well as proprietary market leading platforms. Earlier in 2023, Apex Group announced the acquisition of specialist accounting and administration software PFS-PAXUS to enhance the delivery of timely, accurate and independent portfolio accounting, fund and investor reporting for clients.
Apex Group works to support Sidra Capital alongside leading offshore law firm Walkers
Naveed Zamir, Country Head, Dubai at Apex Group comments: “With continued and growing investor appetite for Shari’ah compliant strategies, especially in the real assets and alternative arena, Sidra Capital is well positioned to meet this demand. We are pleased to be continuing our long-standing business relationship with the Sidra Capital team to support their further growth and success with our global tech-enabled solutions, available globally and delivered locally.
Sidra Capital expressed satisfaction with their five-year collaboration with Apex Group, valuing their deep expertise and dedication to providing outstanding client service. It is important for Sidra Capital to partner with a trusted provider that fulfils all their service requirements efficiently across various jurisdictions in which they operate.
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 94 offices worldwide and 12,000+ employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo and fund raising services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
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About Sidra Capital
Sidra Capital is a leading alternative asset manager and internationally recognized as a leader in the growing Shari’ah compliant investment industry. The company has a successful track record working with best-in-class regional and global sponsors and asset managers to structure Shari’ah compliant private equity investment opportunities for its investors. Sidra’s private equity strategic focus is global and covers the entire spectrum of private equity disciplines, including buyouts, growth capital, recapitalizations and venture capital.