Established in 1995 as a small brokerage and listed on the Bahrain Bourse in 2003 as a closed company, SICO has built a reputation for providing exceptional and reliable services across its lines of business. In the last two decades, SICO has consistently grown its client base, introduced new products and services, and helped develop Bahrain’s capital market, among other accomplishments. By applying a focused and prudent approach, SICO has managed to weather adverse market conditions and accomplish several notable achievements. Our bank’s team has also developed the skills and experience needed to continue growing our footprint and innovating in our markets.
Securities & Investment Company (SICO) is established as a securities brokerage in the Kingdom of Bahrain.
Obtained investment banking licence.
Established Investment Banking division.
Served as Advisor and Manager for Bahrain in its first deal, Arab Insurance Group’s USD 290 MN IPO, the largest IPO on the Bahrain Bourse that year.
Served as Advisor, Issue Manager and Lead Underwriter on Bahrain Duty Free IPO, the first privatization through a primary offering in Bahrain.
Introduced asset management and custody and administration.
Launched first local equity fund.
Managed first rights issue in Bahrain.
Ranked as leading broker on Bahrain Stock Exchange.
Expanded Brokerage activities to the GCC.
Introduced Discretionary Portfolio Management Accounts.
Managed first-of-its-kind asset-collateralized floating rate note in the GCC for Al Dana Hotels Management Bahrain.
Listed on the Bahrain Bourse as a closed company.
Served as Co-Manager and Co-Underwriter on Aluminium Bahrain’s USD 200 million public offering of floating rate bonds.
Launched asset management’s flagship Khaleej Equity Fund.
Established SICO Funds Services Company as a wholly owned subsidiary. Today SFS is a leading regional provider of integrated custody and fund administration solutions.
Introduced SICO Employee Share Ownership Scheme.
Served as Lead Manager and Co-Financial Advisor on Nass Group IPO, the first GCC family business to go public.
Launched SICO Gulf Equity Fund.
Served as Lead Manager on Al Salam Bank IPO, the largest IPO on the BSE at the time.
Served as Lead Manager, Lead Underwriter and Financial Advisor on Seef Properties IPO; this IPO set a new benchmark for privatization in the MENA region.
Increased capital to BD 42.35 million through oversubscribed rights issues.
Launched Executive Training Program.
SFS is awarded custodian status on the Bahrain Bourse.
Launched SICO Kingdom Equity Fund.
Received unconditional wholesale banking license from CBB.
Launched Fixed Income Trading Desk.
Established SICO Financial Brokerage, SICO’s Abu Dhabi-based second brokerage arm.
Launched SICO Fixed Income Fund.
Introduced new interactive research portal.
Created Fixed Income Division.
Zain Bahrain mandates SICO as market maker for its shares on the Bahrain Bourse following completion of its IPO.
Received mandate for first listing of a real estate investment trust (REIT) on the Bahrain Bourse.
Launched Bahrain Liquidity Fund, the largest liquidity fund ever to come to Bahrain.
Lead managed BBK’s perpetual tier 1 convertible capital securities issuance, the first of its kind on the Bahrain Bourse.
Launched SICO LIVE, the Bank’s online trading platform.
Served as lead manager, underwriter, market maker, and participating broker for APM Terminals IPO
SICO named Investment Manager for Minors’ Estate Directorate’s fixed-income and equity portfolio
SICO receives licensing from Saudi Capital Markets Authority to offer asset management services in KSA through new subsidiary SICO Financial Saudi Company
SICO appointed issue execution advisor, receiving agent and allotment agent in National Bank of Bahrain acquisition of Bahrain Islamic Bank
SICO receives mandate as Bahrain receiving agent, Bahrain execution advisor, and cross-listing advisor in Kuwait Finance House acquisition of Ahli United Bank
The Social Insurance Organization of Bahrain (SIO) increases ownership stake in SICO to 50.38%
SICO partners with IdealRatings to embed ESG data into research products, featuring insights into companies' ESG progress to provide investors with a full picture of their performance
SICO signs agreement with Bank Muscat SAOG to acquire a majority stake in Saudi-based Muscat Capital, the wholly owned investment banking outfit of Bank Muscat
SICO acquires a majority stake amounting to 72.7% in Saudi-based Muscat Capital, marking the successful completion of a landmark acquisition that will give SICO full access to the Saudi capital market.
SICO unveils newly rebranded subsidiary, SICO Capital, a fullfledged capital markets services provider based in KSA.
SICO AUM reaches USD 4.5 bn gross and USD 4.1 bn net.