Sidra Capita, a shariah-compliant asset manager that specialises in income generating real estate, has expanded its partnership with Apex.
As part of the extended mandate, Apex will provide Sidra Capita with fund administration services, directorship and corporate secretarial solutions.
Sidra Capital is licensed by the Saudi Capital Market Authority and first partnered with Apex Group in 2018.
Apex Group also supports Sidra Capital with anti-money laundering officer services, delivered by Apex Group and subsidiary EDB.
The news of the renewed mandate comes after 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 its clients.
Naveed Zamir, country head of 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.”
