Business & Money | Sunday 15 March, 2020 3:43 pm |

Sidra Capital has announced the Q4 dividends for its CMA-licensed US Dollar Sidra Mutajara Fund with total returns amounting 6% in 2019.

“Our USD 35 million Mutajara Fund invests mainly in trade finance contracts with the goal of generating sustainable, above benchmark returns. Offering higher returns than US deposit rates, which were around 1.25% during 2019, it represents an outstanding proposition for investors,” commented Hani Baothman, Vice Chairman of Sidra Capital. “In addition, it provides investors with quarterly distributions and the option of liquidity through the quarterly exit feature.”