Saudi-Swiss fund investing in soft commodity markets
Saudi Arabian financial services company Sidra Capital (Sidra) and Swiss alternative investment house INOKS Capital SA (INOKS) made an announcement about investments in various transactions by its jointly managed Sidra Ancile Global Structured Trade Finance Fund (STFIF). The joint facility totals $13.5 million. STFIF is regulated both by Saudi Arabia Capital Market Authority (CMA) and the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg. The fund has given approval to a number of investments in various transactions since the closure of its first offering of subscription in September 2012.