You can trade stocks, REITs and ETFs listed on exchanges in the following countries: Bahrain, UAE, KSA, Kuwait, Oman, Qatar, Jordan, and Egypt.

Using the SICO LIVE Regional app. If you’d like to speak to a broker, please call our brokerage team on +97317515200, or send an email to brokerage@sicobank.com and one of our brokers will get in touch with you.

You can trade stocks, REITs, ETFs, bonds and funds listed in the US, the UK, and 15 European countries including: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, and Switzerland.

Fractional bonds allow investors to purchase a portion of a bond rather than buying the whole bond. By lowering the minimum investment amount, bond investing becomes more accessible to a wider pool of investors.

Fractional bonds work by dividing a full bond into smaller units, allowing investors to buy these smaller pieces. The returns and interest payments are proportional to the fraction of the bond owned.

A nominal of USD 50,000.

Lower minimum investment thresholds. Diversification across different bonds with a smaller investment. Access to bonds that might otherwise be too expensive for individual investors.

Fractional bonds are available to both retail and institutional investors

Like any investment, fractional bonds carry risks. The safety of the investment depends on the credit quality of the bond issuer and market conditions. However, bonds are generally considered lower risk compared to other asset classes such as stocks.

Yes, in many cases, fractional bonds can be sold on secondary markets before maturity, but this depends on the market liquidity.

Interest payments on fractional bonds are made proportionally to the fraction of the bond you own. These payments are credited to your investment account with SICO.

When a fractional bond matures, you receive the principal amount proportional to your ownership, along with any remaining interest payments.

Fractional bonds are subject to an execution fee of 50 bps (0.50%) on notional amount or USD 500, whichever is higher. The fees are subject to 10% VAT charge. The bond is also subject to a custody charge of 15 bps (0.15%) per annum charged quarterly on the market value of the bond.

If you're already a SICO account holder, simply email us at globalmarkets@sicobank.com. If you don't have an account yet, you'll need to open one with SICO before you can begin investing. To open a new account, visit our website www.sicolive.com from your desktop or iPad and click on the ‘get started’ button. Upon completing your registration and submitting all the required documents by email, our Client Relations team will review your application and revert with the status at the earliest.
Through SICO’s Global Markets team, you can buy bonds, sukuk or Bahrain government treasury bills. You can get more information on what is available by contacting our Global Markets team on +97317575207/5204 or – emailing them at globalmarkets@sicobank.com

By contacting our Global Markets team on +97317575204/5207 or emailing them at globalmarkets@sicobank.com

Conventional Issuances (sold at a discount and mature at par);
 • 3-Month Conventional Treasury Bill (Auctions 3 times a month)
 • 6-Month Conventional Treasury Bill (Auction once per month)
 • 12-Month Conventional treasury Bill (Auction once per month) Islamic / Shariah Compliant Sukuk Issuances (sold at par);
 • 3-month Al Salam Islamic Sukuk (Auction once per month)
 • 6-month Ijara Sukuk (Auction once per month)

Conventional T-bill auctions are blind auctions. Therefore, the rate of return is not disclosed prior to the auction, however we can provide guidance.
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As individual investors, you may opt to bid at the weighted averageto maximize the opportunity of full allocation from the issuance. If you are to bid at the weighted average, we are unable to utilize a full / exact cash amount as the weighted average rate and price are unknown prior to the results of the auction. Therefore, only a nominal order / quantity can be reflected in our bid. If you are to bid a nominal quantity, the actual net spend will be less than the order size due to the Treasury Bills being issued at a discount.
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If you wish to utilize most of the amount, then you may opt to bid at the weighted average, with calculation based on the previous weighted average. This might cause a discrepancy between the total invested principal and the actual cost of the deal, if the current rate is more or less than the previous weighted average.

Alternatively, you may wish to bid at a specific rate, in which case we are able to calculate the price and exact net spend of the client. This option, however, runs the risk of the client not being awarded allocation if the rate of their bid is rejected.

The difference between a client’s cost (excluding charges) and the maturing par value is representative of the profit to be made.

The rate of return of Islamic Issuances are confirmed the day prior to the auction. As mentioned, Islamic issuances are issued at the par value not a discount, therefore if full allocation is awarded, a nominal order of BHD 20,000 will cost the client BHD 20,000 excluding commission and VAT charges.

The profit on Islamic issuances is paid on top of the principal investment upon maturity.

To subscribe, an individual must have an active SICO account. Existing clients must ensure their SICO accounts are updated (KYC).

For time investors with SICO, the client will need to ensure their account is prefunded prior to the auction date. We collect orders until 10 AM at the latest on the day of the auction. Clients will receive automated trade confirmations of their allocations before the end of the auction day.

*The minimum Investment amount is BHD 5,000. Clients can opt to subscribe in either BHD or USD.

Full allocation is NOT guaranteed. Clients must be aware that these issuances from the CBB are often oversubscribed and therefore a client’s order may be partially filled. While we try to achieve the best possible allocations for clients by placing their orders in a ‘Non-competitive’ tranche of the auction, there remains a chance that allocations are partially filled.

The settlement date is the issue date of the Treasury Bill / Sukuk (when it starts) which is always two business days after the auction date (T+2). Clients’ accounts must be adequately funded to cover the investment by the settlement date at the latest to avoid overdrawn charges.

Clients will be notified of an upcoming maturity the week prior. An email will be sent to clients the week before a maturity to give them the option to either rollover / renew or opt to allow their maturing position to be credited to their account. SICO will provide an indication of where the rates currently are.

Rollovers must also be confirmed by 10am on the auction dates.

The pricing of the T-Bill will be based on the local money markets yield curve.

We offer clients the facility to sell / liquidate their position prior to the maturity date without incurring any penalties. The sale of the position will be subject to commission + VAT charges, however. Similarly to rolling over, the pricing and rate offered when liquidating your position will reflect the local money market yield curve.

Full allocation is NOT guaranteed. Clients must be aware that these issuances from the CBB are often oversubscribed and therefore a client’s order may be partially filled. While we try to achieve the best possible allocations for clients by placing their orders in a ‘Non-competitive’ tranche of the auction, there remains a chance that allocations are partially filled.

Conventional: The difference between your Net cost and the Nominal amount.
BHD 40,000 – BHD 39,366.11 = BHD 633.89
Islamic: The nominal amount multiplied by the rate, divided by 360 and then multiplied by the number of days of the issuance (91 or 182 days).
If the rate is 6% for the 3 month Al Salam Sukuk, the breakdown is as follows:
If the rate is 6% for the 3 month Al Salam Sukuk, the breakdown is as follows:(BHD 40,000 x 0.06) / 360 = BHD 6.666*
BHD 6.666* x 91 days = BHD 606.667

- Individual Accounts: BHD 5.500 (inclusive of 10% VAT for Bahrain residents) and BHD 5 for non-Bahrain residents
- Corporate Accounts: BHD 5.500 (inclusive of 10% VAT for Bahrain residents) and BHD 5 for non-Bahrain residents

- Local Transfers:
‍• SICO Live withdrawals: Free
• Other Local Transfers: BHD 2 (inclusive of 10% VAT for Bahrain residents)
- International Transfers:
• Shared Costs (SHA): SICO charges USD 31.75. Your correspondent bank may apply additional charges.
• Our Cost (OUR): SICO charges USD 31.75 in addition to EUR 25 to cover correspondent bank charges.

Please contact us on +97317515700 or email us at clients@sicobank.com to receive more information on the commissions.

Regional Markets:

- Bahrain Bourse: No custody fees applied on Bahraini securities.

- Boursa Kuwait: A custody fee of 0.20% per annum is calculated daily on the market value of securities and invoiced quarterly (plus VAT if applicable) with a minimum of BHD 22 (inclusive of 10% VAT for Bahrain residents) per quarter.

- Other GCC Exchanges: A custody fee of 0.15% per annum is calculated daily on the market value of securities and invoiced quarterly (plus VAT if applicable) with a minimum of BHD 22 (inclusive of 10% VAT for Bahrain residents) per quarter.
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International Markets:

- Bonds and Sukuk: A custody fee of 0.15% per annum is calculated daily on the market value of securities and invoiced quarterly with no minimum.

- Securities held on SICO LIVE Global: A custody fee of 0.10% per annum is calculated daily on the market value of securities and invoiced monthly with a minimum of USD 5 (plus VAT if applicable) per month.

- Any other securities: A custody fee of 0.15% per annum (plus VAT if applicable) is calculated daily on the market value of securities and invoiced quarterly with no minimum.

If you have funds in your SICO LIVE Regional account, you just need to send an email to clients@sicobank.com with your instruction 48 hours prior to placing your trade.

You will need to fill out the transfer application form and send it via email to transfers@sicobank.com and one of our Client Relations representatives will call you within 24 hours to verify the transfer details.

We are working on making this option available to our clients, and we will announce it once available.

Cut-off times vary based on the currency being transferred:

Transfers cannot be made to third-party accounts or bank accounts not registered with SICO.

Receiving an email notification for KYC update or ID expiry indicates that your KYC review date is approaching and your information needs to be updated. Please download the Customer Information Update form by clicking here to download the KYC form for individuals, and here for corporate clients and send us back a soft copy by email along with the requirements mentioned in the email.

You will receive a reminder email for KYC update six months before the expiry date. However, if you fail to update your KYC before the expiry date, your SICO LIVE account will be disabled, and the only way to log in is to update your KYC by contacting our client relations team via email at clients@sicobank.com

All accounts will be automatically set as dormant if there is no transaction on the account for a continuous period of 24 months (This does not include bank-initiated transactions such as coupon payments, dividends, custody fees … etc).

You will receive notifications prior to dormancy (18 Months & 21 Months) and on the day that the account is dormant (24 Months).

You will need to transact (buy/sell/lodge/withdraw/transfer cash) on the account. Bank-initiated transactions such as coupon payments, dividends, custody fees … etc).

To re-activate the account, please click here to download the re-activation form and send the signed copy to our client relations team by email to clients@sicobank.com along with your updated KYC documents (Valid ID, valid passport, valid proof of address, valid visa “ if applicable”).

SICO LIVE allows our clients to trade in real-time across regional and global markets on their own using a desktop, tablet, or mobile device. SICO LIVE comes in two platforms:
- SICO LIVE Regional: Allows users to buy and sell MENA stocks, REITs and ETFs across 10 exchanges.
- SICO LIVE Global: Allows users to buy and sell stocks, REITs, ETFs, bonds and funds listed in the US, the UK and 15 European countries.

Opening an account is simple. Just click on the “Get Started” or “Open an Account” button on our website and follow the step-by-step instructions.

Your security is our top priority. We use advanced encryption and security measures to ensure that your investments and personal data are protected.

Yes, SICO LIVE is accessible across multiple devices, including desktops, tablets, and mobile phones. This ensures you can trade anytime, anywhere.

With SICO LIVE, you can invest in a diverse range of assets, including stocks, bonds, ETFs, REITs, and more, both from the MENA region and globally.

Our dedicated support team is based in the GCC and is available to assist you with any queries or concerns. You can reach out to us via phone and email.

Our platform is integrated with advanced technology that fetches real-time market data, ensuring you always have up-to-date information for your trading decisions.

Yes! We offer a demo account for global markets where you can practice trading in a risk-free environment. This allows you to familiarize yourself with the platform and build confidence before trading with real funds.