SINGAPORE, Jan 29 (Bernama-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). The VCC specifically targets the high demand for solid fuel produced by select Indonesian producers, valued for the intrinsic qualities of the commodity and reliability of the producers in delivering the expected quantity and quality to purchasers.