RIYADH: Saudi Arabia’s Sidra Income Fund, a US dollar-denominated investment fund, exceeded its annual target net return of 7.75 percent, delivering, 8.01 percent and 8.39 percent respectively in the last 24 months, said a statement. The fund, focussed on financing supply chains, is managed by Sidra Capital, which is a Shariah-compliant investment fund regulated by Saudi Arabia’s Capital Market Authority. Launched in September 2019, the $50-million Shariah-compliant fund, aims to capitalize on the infrastructure boom in Indonesia, while aiming to intervene in energy and infrastructure supply chains achieving stable, unlevered high yield return uncorrelated to the stock market and global commodity prices. “The economy of Indonesia is the largest in Southeast Asia, and is one of the leading emerging market economies of the world,” explained Hani Baothman, chairman of Sidra Capital. “Following 2020’s pandemic-induced recession, rising infrastructure spending and unleashed pent-up demand amid supportive fiscal and monetary policies should sustain investment for the foreseeable future.”