Latest news with #SICO
Biz Bahrain
2 days ago
- Business
- Biz Bahrain
SICO Signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development (AAAID) to Boost Agricultural Investment and Food Security
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the signing of a Letter of Intent with the Arab Authority for Agricultural Investment and Development (AAAID). SICO will act as the financial advisor to support AAAID's strategic initiatives by identifying and sourcing direct investment opportunities within the agricultural and food security sectors. The primary objective of signing this Letter of Intent is to support AAAID's goals within the Arab and GCC region, with a particular emphasis on Bahrain and Saudi Arabia. This will be achieved by collaborating on projects for AAAID, facilitating investment through equity and/or debt financing opportunities, and engaging in business development activities. Najla Al Shirawi, Group CEO of SICO, said, 'We are thrilled to announce our strategic collaboration with AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising, and joint ventures, we aim to drive value and promote sustainable growth within the agriculture sector. Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future.' HE. Dr. Obaid Al Zaabi, Chairman of AAAID, stated, 'This collaboration aligns with our strategic vision to enhance our capabilities, enabling us to equip our projects with the necessary tools and information to achieve our ambitious goals and aspirations. By capitalizing on SICO's extensive expertise in the industry, we are well-positioned to identify and execute high-impact projects that will drive sustainable growth. Our collaboration will focus on innovative solutions and strategic investments that address the unique challenges of our region.' Through this collaboration, SICO will provide acquisition advisory services, including due diligence, valuations, and transaction structuring and execution support. Additionally, SICO will assist in capital-raising activities for AAAID's invested companies and explore joint venture opportunities. The partnership will emphasize promoting sustainable agricultural practices and enhancing food security resilience across the region.
Syyaha
2 days ago
- Business
- Syyaha
SICO Signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development (AAAID) to Boost Agricultural Investment and Food Security
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the signing of a Letter of Intent with the Arab Authority for Agricultural Investment and Development (AAAID). SICO will act as the financial advisor to support AAAID's strategic initiatives by identifying and sourcing direct investment opportunities within the agricultural and food security sectors. The primary objective of signing this Letter of Intent is to support AAAID's goals within the Arab and GCC region, with a particular emphasis on Bahrain and Saudi Arabia. This will be achieved by collaborating on projects for AAAID, facilitating investment through equity and/or debt financing opportunities, and engaging in business development activities. SICO's wholly-owned subsidiary, SICO Capital , will provide the agreed upon services in Saudi Arabia. Najla Al Shirawi, Group CEO of SICO, said, 'We are thrilled to announce our strategic collaboration with AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising, and joint ventures, we aim to drive value and promote sustainable growth within the agriculture sector. Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future.' HE. Dr. Obaid Al Zaabi, Chairman of AAAID, stated, 'This collaboration aligns with our strategic vision to enhance our capabilities, enabling us to equip our projects with the necessary tools and information to achieve our ambitious goals and aspirations. By capitalizing on SICO's extensive expertise in the industry, we are well-positioned to identify and execute high-impact projects that will drive sustainable growth. Our collaboration will focus on innovative solutions and strategic investments that address the unique challenges of our region.' Through this collaboration, SICO will provide acquisition advisory services, including due diligence, valuations, and transaction structuring and execution support. Additionally, SICO will assist in capital-raising activities for AAAID's invested companies and explore joint venture opportunities. The partnership will emphasize promoting sustainable agricultural practices and enhancing food security resilience across the region.
Zawya
2 days ago
- Business
- Zawya
SICO signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the signing of a Letter of Intent with the Arab Authority for Agricultural Investment and Development (AAAID). SICO will act as the financial advisor to support AAAID's strategic initiatives by identifying and sourcing direct investment opportunities within the agricultural and food security sectors. The primary objective of signing this Letter of Intent is to support AAAID's goals within the Arab and GCC region, with a particular emphasis on Bahrain and Saudi Arabia. This will be achieved by collaborating on projects for AAAID, facilitating investment through equity and/or debt financing opportunities, and engaging in business development activities. Najla Al Shirawi, Group CEO of SICO, said, 'We are thrilled to announce our strategic collaboration with AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising, and joint ventures, we aim to drive value and promote sustainable growth within the agriculture sector. Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future.' HE. Dr. Obaid Al Zaabi, Chairman of AAAID, stated, 'This collaboration aligns with our strategic vision to enhance our capabilities, enabling us to equip our projects with the necessary tools and information to achieve our ambitious goals and aspirations. By capitalizing on SICO's extensive expertise in the industry, we are well-positioned to identify and execute high-impact projects that will drive sustainable growth. Our collaboration will focus on innovative solutions and strategic investments that address the unique challenges of our region.' Through this collaboration, SICO will provide acquisition advisory services, including due diligence, valuations, and transaction structuring and execution support. Additionally, SICO will assist in capital-raising activities for AAAID's invested companies and explore joint venture opportunities. The partnership will emphasize promoting sustainable agricultural practices and enhancing food security resilience across the region. About SICO SICO is a leading regional asset manager, broker, and investment bank with USD 7.9 bn in assets under management (AUM). Today, SICO operates under a wholesale banking licence from the Central Bank of Bahrain and also oversees two wholly owned subsidiaries: an Abu Dhabi-based brokerage firm, SICO Invest, and a full-fledged capital markets services firm, SICO Capital, based in Saudi Arabia. Headquartered in the Kingdom of Bahrain with a growing regional and international presence, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial solutions, including asset management, brokerage, investment banking, and market making, backed by a robust and experienced research team that provides regional insight and analysis of more than 90 percent of the region's major equities. Since inception in 1995, SICO has consistently outperformed the market and developed a solid base of institutional clients. Going forward, the bank's continued growth will be guided by its commitments to strong corporate governance and developing trusting relationships with its clients. The bank will also continue to invest in its information technology capabilities and the human capital of its 150 exceptional employees. Media Contact: Ms. Nadeen Oweis Head of Corporate Communications, SICO Direct Tel: (+973) 1751 5017 Email: noweis@
Al Bawaba
2 days ago
- Business
- Al Bawaba
SICO Signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development (AAAID) to Boost Agricultural Investment and Food Security
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the signing of a Letter of Intent with the Arab Authority for Agricultural Investment and Development (AAAID). SICO will act as the financial advisor to support AAAID's strategic initiatives by identifying and sourcing direct investment opportunities within the agricultural and food security primary objective of signing this Letter of Intent is to support AAAID's goals within the Arab and GCC region, with a particular emphasis on Bahrain and Saudi Arabia. This will be achieved by collaborating on projects for AAAID, facilitating investment through equity and/or debt financing opportunities, and engaging in business development activities. SICO's wholly-owned subsidiary, SICO Capital , will provide the agreed upon services in Saudi Al Shirawi, Group CEO of SICO, said, 'We are thrilled to announce our strategic collaboration with AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising, and joint ventures, we aim to drive value and promote sustainable growth within the agriculture sector. Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future.'HE. Dr. Obaid Al Zaabi, Chairman of AAAID, stated, 'This collaboration aligns with our strategic vision to enhance our capabilities, enabling us to equip our projects with the necessary tools and information to achieve our ambitious goals and aspirations. By capitalizing on SICO's extensive expertise in the industry, we are well-positioned to identify and execute high-impact projects that will drive sustainable growth. Our collaboration will focus on innovative solutions and strategic investments that address the unique challenges of our region.' Through this collaboration, SICO will provide acquisition advisory services, including due diligence, valuations, and transaction structuring and execution support. Additionally, SICO will assist in capital-raising activities for AAAID's invested companies and explore joint venture opportunities. The partnership will emphasize promoting sustainable agricultural practices and enhancing food security resilience across the region.
Khaleej Times
25-05-2025
- Business
- Khaleej Times
SICO wins Best Mena Fixed Income Fund Strategy award
SICO, a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, has been awarded the Best Mnea Fixed Income Strategy over one year for 2024 by Global Banking & Markets Middle East Awards. The strategy achieved a remarkable net return of 5.4% in 2024, significantly outperforming the FTSE Mena Broad Bond Index, which recorded a return of 3.4%. This recognition marks the second time that SICO has received this esteemed award, following their recognition in 2022. As of March 2025, SICO has $7.9 billion in assets under management including six main GIPS Composites, alongside other customized management portfolios and three public funds in fixed income and money market strategies. Ali Marshad, Group Head of Fixed Income Asset Management at SICO said, 'We are honoured to have once again received this prestigious recognition, which reflects our commitment to excellence in delivering value to our clients. This achievement is a testament to our investment philosophy, strong trading infrastructure, and dedicated team, especially in a year that proved challenging for this asset class. Additionally, our strategic presence in Saudi Arabia through SICO Capital further enhances our ability to support clients in the region and drive impactful investment outcomes. Our goal is to build on this success by helping our clients achieve consistent and sustainable above-average returns, ensuring they benefit from our expertise in the evolving market landscape, while offering better protection on the downside.' Manuel Al Mutawa, Vice President of Fixed Income Asset Management at SICO, highlighted the strategic approach that led to this success, commenting, 'What helped us last year despite the market volatility was that we focused on maintaining a neutral duration with a skew towards non-investment grade assets, an overweight position in Egypt and Saudi, as well as particular security selection in high-yield corporates. Our regional diversification and active management allowed us to capture attractive opportunities across both sovereign and quasi-sovereign and corporate issuers, while maintaining a strong risk-adjusted return profile for our clients.' Following the success of its SICO Fixed Income Fund, which was launched in 2013, SICO expanded its offerings by introducing the Shari'ah-compliant Elzaad Sukuk Fund in 2023, which complements the existing SICO Capital Murabaha Fund for Shari'ah investors. These initiatives allow clients to capitalize on short-, medium-, and long-term market opportunities while providing numerous customized products yielding high single-digit returns. 'Congratulations to SICO on this well-deserved recognition,' said Victoria Behn, Managing Director of Global Banking & Markets. 'In a year defined by volatility and uncertainty, SICO Asset Management's Fixed Income Fund has stood out as a beacon of stability and skill. SICO proved its tactical excellence across MENA's complex debt landscape. With active positioning across sovereign and corporate bonds, a sharp focus on liquidity, and rigorous credit discipline, SICO managed to protect capital while capturing upside. In a market where preservation and performance rarely align, SICO's Fixed Income strategy is the clear choice for Best MENA Fixed Income Fund, 1 Year.' The Global Banking & Markets Middle East Awards recognise the most innovative and ground-breaking deals from sovereign, corporate, and financial institution issuers, borrowers, and investors. The awards celebrate the exceptional performance of financial institutions and professionals who have demonstrated excellence. SICO Asset Management was honoured for its exceptional work and dedication to providing fixed income strategies in the MENA region.
