Latest news with #SICOBSC
Biz Bahrain
03-06-2025
- 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
02-06-2025
- 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
06-05-2025
- Business
- Zawya
Wissam Haddad appointed as Chief Executive Officer of SICO Capital in Saudi Arabia
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with over USD 7 billion in assets under management and a direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the appointment of Wissam Haddad as Chief Executive Officer (CEO) of its wholly owned subsidiary, SICO Capital, in Riyadh, Saudi Arabia, effective 5 May 2025. Wissam has over 22 years of experience in investment banking, private equity, real estate and corporate finance. He assumes the position of CEO of SICO Capital following 11 successful years as SICO's Group Head of Investment Banking, where he played a key role in positioning SICO as the leading investment bank in Bahrain. Under his leadership, the award-winning division multiplied its revenues and deal sizes, executing landmark transactions that include initial public offerings, debt issuances, mergers and acquisitions, strategic offers, multi-asset fund launches, and structuring and managing Real Estate Investment Trusts (REITs). 'I am pleased to assume the position of CEO of SICO Capital and to drive our strategy towards becoming one of Saudi Arabia's preferred independent asset management, brokerage and investment banking firms. The public and private capital markets and financial landscape in Saudi Arabia have been growing dramatically, and we are eager to continue to expand our presence on the ground, offering a full suite of services directly through our dedicated team in Riyadh with robust support from the broader group in Bahrain and the UAE,' said Wissam Haddad, CEO of SICO Capital. The Board of Directors of SICO Capital is pleased to welcome Wissam to his new role as CEO and looks forward to his leadership in driving the company's future growth. SICO Capital is a full-service investment banking firm based in Riyadh, Saudi Arabia, that offers a comprehensive range of financial services to individual, institutional, and corporate clients with multiple activities under the Saudi Capital Markets Authority license number 08096-37, including asset management, investment banking, and brokerage. About SICO SICO is a leading regional asset manager, broker, and investment bank with USD 7.4 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@
Biz Bahrain
14-04-2025
- Business
- Biz Bahrain
SICO named best investment bank in Bahrain at Global Finance World's Best Investment Banks 2025 awards
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, was named Best Investment Bank in Bahrain at the 2025 Global Finance World's Best Investment Banks Awards for the sixth consecutive year. The award reaffirms SICO's position as a trusted financial institution, consistently delivering strategic advisory services and executing landmark transactions that drive economic growth and capital market development in the MENA region. SICO's Group CEO, Najla Al Shirawi, shared her pride in the continued achievements across SICO's business lines, stating: 'Being named Bahrain's Best Investment Bank for the sixth consecutive year is a testament to our unwavering commitment to excellence, innovation, and delivering meaningful value to our clients. This recognition highlights the dedication of our outstanding team and the trust our clients continue to place in us. It also reinforces our active role in leading complex, high-impact transactions across the region. We remain dedicated to shaping the investment landscape with strategic advisory services and landmark deals that create lasting impact.' In 2024, SICO Investment Banking played a significant role in various transactions across the region. SICO successfully led the BHD 9 million initial public offering (IPO) of AlAbraaj Restaurants Group, which was oversubscribed by 2.6 times. The firm served as Co-Lead Manager for Lulu Retail's IPO on the Abu Dhabi Securities Exchange (ADX), supporting one of the largest hypermarket chains in the Middle East as it prepared for its listing, further solidifying SICO's presence in the UAE. It also acted as the Joint Lead Manager (JLM) and Joint Bookrunner along with regional and international banks for BBK's USD benchmark 5-year bond, yielding 6.875%, with the order book closing at approximately USD 1 billion. Moreover, SICO provided financial advisory services for the merger between Truffle Hospitality and Bahrain Family Leisure Company (BFLC). SICO Investment Banking has built a strong reputation as a reliable and experienced advisor in Bahrain, having played a key role in several landmark transactions. Notable deals include Kuwait Finance House's cross-border acquisition of Ahli United Bank, the APM Terminals IPO—the most successful on the Bahrain Bourse in the past decade—and the National Bank of Bahrain's acquisition of Bahrain Islamic Bank. Global Finance award winners are selected based on several criteria, including market share, number and size of deals, level of service and advice offered to clients, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings, and market reputation.
Zawya
13-04-2025
- Business
- Zawya
SICO named best investment bank in Bahrain at Global Finance World's Best Investment Banks 2025 awards
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, was named Best Investment Bank in Bahrain at the 2025 Global Finance World's Best Investment Banks Awards for the sixth consecutive year. The award reaffirms SICO's position as a trusted financial institution, consistently delivering strategic advisory services and executing landmark transactions that drive economic growth and capital market development in the MENA region. SICO's Group CEO, Najla Al Shirawi, shared her pride in the continued achievements across SICO's business lines, stating: 'Being named Bahrain's Best Investment Bank for the sixth consecutive year is a testament to our unwavering commitment to excellence, innovation, and delivering meaningful value to our clients. This recognition highlights the dedication of our outstanding team and the trust our clients continue to place in us. It also reinforces our active role in leading complex, high-impact transactions across the region. We remain dedicated to shaping the investment landscape with strategic advisory services and landmark deals that create lasting impact.' In 2024, SICO Investment Banking played a significant role in various transactions across the region. SICO successfully led the BHD 9 million initial public offering (IPO) of AlAbraaj Restaurants Group, which was oversubscribed by 2.6 times. The firm served as Co-Lead Manager for Lulu Retail's IPO on the Abu Dhabi Securities Exchange (ADX), supporting one of the largest hypermarket chains in the Middle East as it prepared for its listing, further solidifying SICO's presence in the UAE. It also acted as the Joint Lead Manager (JLM) and Joint Bookrunner along with regional and international banks for BBK's USD benchmark 5-year bond, yielding 6.875%, with the order book closing at approximately USD 1 billion. Moreover, SICO provided financial advisory services for the merger between Truffle Hospitality and Bahrain Family Leisure Company (BFLC). SICO Investment Banking has built a strong reputation as a reliable and experienced advisor in Bahrain, having played a key role in several landmark transactions. Notable deals include Kuwait Finance House's cross-border acquisition of Ahli United Bank, the APM Terminals IPO—the most successful on the Bahrain Bourse in the past decade—and the National Bank of Bahrain's acquisition of Bahrain Islamic Bank. Global Finance award winners are selected based on several criteria, including market share, number and size of deals, level of service and advice offered to clients, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings, and market reputation. About SICO SICO is a leading regional asset manager, broker, and investment bank with USD 7.4 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.
