BlueFive Capital, an alternative investment platform managing $15bn in assets, has completed the acquisition of a significant stake in Jeddah-based Sidra Capital, creating a newly branded entity, BlueFiveSidra.
The deal, first unveiled on 8 September 2025, received all necessary regulatory approvals before closing, marking a major step in BlueFive’s expansion into Shariah-compliant investment markets.
Sidra Capital, which manages $3.8bn in assets, will now operate under the BlueFiveSidra name, combining its regional expertise with BlueFive’s international investment platform.
As part of the new structure, BlueFive Capital founder and chief executive Hazem Ben-Gacem will chair both the investment committee and the executive committee of BlueFiveSidra.
In a parallel development, Saudi Arabia’s Al Murjan Group, whose shareholders also own Sidra Capital, has acquired a substantial stake in BlueFive786, BlueFive’s Shariah-compliant investment arm.
The reciprocal arrangement establishes a two-way partnership, giving both sides economic and governance interests in each other’s Shariah-compliant operations.
‘This is a landmark moment,’ Ben-Gacem said, noting the combined platform would create ‘a formidable player’ capable of meeting growing demand for Shariah-compliant investments across Saudi Arabia and international markets.
BlueFiveSidra chief executive Muhammad Currim Oozeer said the partnership would enhance client offerings by integrating Sidra’s regulatory footprint across Saudi Arabia, the UAE, and Singapore with BlueFive’s broader product range.
Sidra Capital has reported strong growth in recent years, with revenues rising more than 50% since 2023 and average return on equity reaching 15% over five years.
The partnership will give Saudi investors access to BlueFive’s global offerings, including private equity and infrastructure, while providing international investors with a regulated gateway into Saudi Arabia’s rapidly expanding economy.
arking a new chapter of expanded capabilities and global reach.
Concurrently, Al Murjan Group, one of Saudi Arabia’s most respected family business groups, whose shareholders also own Sidra Capital has closed its separate acquisition of a substantial stake in BlueFive786, the Shariah-compliant investment arm of BlueFive Capital. The reciprocal structure reflects the depth of strategic alignment between both groups and establishes a genuine two-way partnership, giving each party a direct economic and governance interest in the other’s Shariah-compliant platform.
