The BlueFiveSidra acquisition has officially closed, establishing a joint Shariah-compliant asset management platform with 3.8 billion USD in assets under management. BlueFive Capital completed the transaction to acquire a substantial stake in Jeddah-headquartered Sidra Capital on June 30, 2026. Consequently, the acquired entity will now operate under the new brand name of BlueFiveSidra.
This transaction originally received public announcement on September 8, 2025. Meanwhile, the parties secured all necessary regulatory approvals before finalizing the agreement. In addition, the platform maintains a regulated presence across Saudi Arabia, the United Arab Emirates, and Singapore.
Details of the Transaction
Concurrently, Al Murjan Group completed a separate transaction to acquire a substantial stake in BlueFive786. Notably, BlueFive786 serves as the Shariah-compliant investment arm of BlueFive Capital. This reciprocal structure gives both business groups a direct economic and governance interest in each other’s platforms.
“Bringing our platforms together under BlueFiveSidra creates a formidable player, one that combines global scale with on-the-ground insight, and one that is perfectly positioned to serve the vast demand for Shariah-compliant investment solutions across the Kingdom and beyond.”
Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital
“By combining Sidra’s strong track record and regulatory standing in Saudi Arabia, the UAE and Singapore with BlueFive Capital’s international platform and product depth, we are uniquely equipped to deliver enhanced value to our clients in KSA and beyond.”
Muhammad Currim Oozeer, Chief Executive Officer of BlueFiveSidra
Leadership and Governance
Hazem Ben-Gacem will assume the role of chairman for both the Investment Committee and the Executive Committee of the joint platform. Meanwhile, Muhammad Currim Oozeer will serve as the Chief Executive Officer of the newly branded entity. These appointments take effect immediately following the closure of the transaction.
Financial Performance of Sidra Capital
Sidra Capital currently manages 3.8 billion USD in assets across Saudi Arabia and international markets. Specifically, the firm is regulated by the Saudi Capital Market Authority, the Dubai Financial Services Authority, and the Monetary Authority of Singapore. Furthermore, the firm has experienced a revenue growth of more than 50 percent since 2023.
This revenue growth has driven substantial year-on-year increases in net income for the asset manager. Over the past five years, the firm delivered an average return on equity of 15 percent. As a result, the company outperformed comparable Shariah-compliant asset managers in the Kingdom of Saudi Arabia.
Strategic Impact of the BlueFiveSidra acquisition
Through this partnership, Saudi investors gain direct access to the global investment products of BlueFive Capital. These offerings include private equity, infrastructure, real estate, leasing, and insurance. Consequently, the BlueFiveSidra acquisition provides international institutional investors with a regulated gateway to the Saudi Arabian economy.
The joint platform will utilize the existing Capital Market Authority license to facilitate these cross-border investments. Furthermore, the integration of the two platforms aims to address the growing demand for Shariah-compliant financial services. Therefore, the completion of the BlueFiveSidra acquisition marks a significant consolidation in the regional economy.
In conclusion, the transaction unites BlueFive Capital’s 15 billion USD global platform with Sidra Capital’s regional expertise. The regulatory approvals from multiple jurisdictions ensure compliance across all operating markets. Ultimately, the newly formed entity will continue its operations from its headquarters in Jeddah.