SICO Announces USD 500 Million in New Investment Products at Gateway Gulf 2024
SICO BSC (c) a leading regional asset manager, broker, and investment bank with a directpresence in Bahrain, Saudi Arabia, and the UAE, announced today an expanded productsuite at Gateway Gulf 2024. The new offerings include two Bahrain-domiciled funds: a USD100 million global equities fund, a USD 50 million Turkish Shariah opportunities fund, as wellas an upcoming USD 70 million IPO in the food and beverage sector and a USD 30 millionshariah compliant securitization fund.
SICO’s subsidiary based in Riyadh, SICO Capital, also launched a USD 250 million Saudiresidential real estate fund, expanding investment opportunities in Saudi Arabia’s residentialmarket. The fund has already acquired three new residential projects in Riyadh, aligningwith its growth-focused strategy in the city’s real estate sector.
The global equities fund is an actively managed USD 100 million fund targeting high-growthsectors globally, designed to deliver long-term capital appreciation.
The USD 50 million Turkish shariah opportunities fund provides investors with access toTurkey’s high-yield fixed income market, offering portfolio diversification and opportunitiesfor favorable risk-adjusted returns in one of the fastest growing emerging markets.
Additionally, SICO is developing a USD 30 million shariah compliant consumer financesecuritization, providing issuers with growth capital and giving investors access to securitiesbacked by private credit.
SICO also announced an upcoming IPO in the food and beverage sector, with a targetmarket capitalization of USD 70 million. Expected to be listed on the main market of theBahrain Bourse by year-end, this IPO marks the first in Bahrain in six years and will establishthe largest listed food and beverage entity on the exchange. It also aligns with Bahrain’slatest listing incentives, designed to enhance the country’s capital markets by attractinggrowth-oriented companies.
This IPO will launch on SICO’s newly introduced eIPO platform—an innovative digitalsolution powered by AI to streamline IPOs, M&A transactions, and corporate deals. Byautomating critical steps, the eIPO platform enhances speed, accuracy, and efficiency,underscoring SICO’s commitment to leveraging technology to improve service delivery andprovide greater value to clients.
Commenting on the new offerings, Najla Al Shirawi, SICO’s Group CEO, expressed herenthusiasm for introducing these products at a distinguished event like Gateway Gulf inBahrain , saying “At SICO, we are committed to continuously exploring innovative solutionsand attractive offerings to better serve our clients, adapting to changing market conditionsto meet their needs effectively. These new products reflect the dedication and forwardthinking of our team, and we’re proud to launch them as part of our commitment toexcellence in Bahrain’s financial sector. Our Bahrain-domiciled funds also leverage theCBB’s updated CIU framework, which provides greater flexibility and faster launch times,allowing us to respond quickly to market dynamics.”
SICO was named best investment bank in Bahrain at the 2024 Global Finance World’s BestInvestment Banks Awards for the fifth consecutive year. It was also recognized as the BestInvestment Bank in Bahrain, Best Securities House in Bahrain, and Best Bank in Bahrainfor Diversity & Inclusion by the Euromoney Awards 2024. SICO continues to be theKingdom’s partner of choice for M&A deals and IPOs in Bahrain, having advised on someof the country’s most significant and complex transactions.
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