
SICO Capital Announces Strategic Voluntary Transition in Management of SICO Saudi REIT
SICO is a leading regional asset manager, broker, market maker, and investment bank with USD 4.5 billion in gross assets under management (AUM) and USD 4.1 billion in net AUM. Today, SICO operates under a wholesale banking license from the Central Bank of Bahrain and oversees two wholly-owned subsidiaries, an Abu Dhabi-based brokerage firm, SICO Financial Brokerage, and a specialized regional custody and fund administration house, SICO Fund Services Company (SFS), as well as a majorityowned, full-fledged capital markets services firm, SICO Capital, based in Saudi Arabia (KSA).
Headquartered in the Kingdom of Bahrain with a growing regional presence in three countries, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial solutions, including asset management, brokerage, market making, investment banking, advisory, treasury, and custody and fund administration, backed by a robust and experienced research team that provides regional insight and analysis of more than 90% of the region's major equities.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Saraya News
11 hours ago
- Saraya News
Saudi ACWA Power in Strategic Partnership Talks with Solwie Energy for Solar Investments in Turkey
سرايا - Ankara – June 2025 Saudi Arabia-based energy giant ACWA Power has entered into talks to establish strategic partnerships with local players as part of its planned $2 billion solar energy investment in Turkey. One of the most prominent potential partners under consideration is Solwie Energy, a rapidly growing Turkish company in the renewable energy sector. According to a report released by SDE, ACWA Power is particularly focusing on both licensed and unlicensed solar projects in regions of Turkey with high solar potential. The ongoing discussions with Solwie Energy are said to be at an advanced stage. Although Solwie Energy has not made any official statement regarding the negotiations, company officials have signaled positively toward the possibility of a strategic alliance. Talks are reportedly centered around areas such as project development, engineering, domestic supply chains, and green hydrogen integration. As part of its Turkey operations, ACWA Power aims to establish a solar energy portfolio exceeding 1000 MW, a move expected to contribute significantly to regional economic growth and energy supply security. Solwie Energy CEO Samet Koç has previously emphasized the company's mission, stating: 'We are committed to being a part of the global energy transition through local expertise.' He has also underscored that Turkey should be seen not only as an investment destination but also as a hub for production and technology. Industry sources highlight that this collaboration could support Turkey's energy independence goals while also fostering mutual trust between domestic and international investors.


Al Bawaba
14 hours ago
- Al Bawaba
Al Jaddaf Rotana Dubai Launches Rosé Reverie: Tea Experience in Collaboration with Elizabeth Arden
Rotana was founded in 1992, by a partnership between two visionary thinkers, Nasser Al Nowais and Selim El Zyr, who were joined three years later by Nael Hashweh and Imad Elias. Operating as Rotana, it opened its first property in Abu Dhabi in 1993 and is today one of the leading hotel management companies within the Middle East and North Africa. Rotana is a company offering the best of both worlds. A unique understanding of the culture and communities of the Middle East combined with the collective expertise of an executive team contributing over 35 years of international experience in the service industry. Rotana aggressive expansion plans have seen the company grow from 2 properties in 1993 to a total of 70 by 2014. With several further properties planned for opening and new projects in the pipeline confirming the company's intention to have a Rotana managed property in all the major cities throughout the Middle East and North Africa within the next five years.


Al Bawaba
16 hours ago
- Al Bawaba
DFM and ADX Climb as US Market Advances
Just a week ago, markets were clouded by uncertainty as investors weighed the fallout from rising geopolitical tensions – but true to form in 2025, investors stayed the course. Josh Gilbert, Market Analyst at eToro, shares that calm prevailed, and confidence returned, with the S&P 500 and Nasdaq both climbing to fresh record highs. Closer to home, Dubai's DFM broke into new territory, and Abu Dhabi's ADX surged more than 2% in a relief rally, as regional investors mirrored global far this year, we've seen USD $165 billion flow into US equity funds, putting them on track for their third-largest annual haul in history. It's a clear sign that investors are still backing equities, even in the face of looming risks, and the UAE is no exception, with renewed activity and improved sentiment across both DFM and have some big tests ahead. Q2 earnings season kicks off within the next week, the ASX reporting season is fast approaching, and Trump's looming tariff deadline within the next 10 days adds another layer of uncertainty. Each of these will serve as key pressure points that could dent sentiment and test this market rally. While this week is relatively quiet on the earnings front, all eyes will be on vehicle delivery numbers, with Tesla's highly anticipated second-quarter update set to take centre stage on Wednesday. It's a pivotal moment for Tesla, shares are down 15% this year, and anything short of a solid delivery update could deepen investor concerns. Last Friday's PCE reading likely sets up the Fed to keep rates steady through mid-year; the key for US stocks to keep driving higher will be a reassuring earnings cycle and a strong consumer as we go into the second half of the year. S&P500 earnings are set to grow by 2.8% through Q2, which would mark the slowest growth in two years, a slightly tepid growth forecast that may put record highs and valuations in the spotlight.