SICO Capital Announces New Board of Directors
SICO Capital, a subsidiary of SICO BSC (c), a Bahrain based Wholesale Banklicensed by Central Bank of Bahrain Bank and a leading provider for assetmanagement, brokerage, and investment banking in the Kingdom of SaudiArabia, announced today its new Board of Directors, which included theappointment of two new independent members: Fawaz Khalid AlBawardi andMohamed Sameer Ghonaim; three new board members representing theparent company SICO BSC (c): Khalid Abdelaziz AlJassim, Ali AbdulrahamanMarshad, and Bassam Abdulaziz Noor; and the reappointment of Hassan binAbdullah AlShuaiby as Chairperson and Najla Mohamed AlShirawi as ViceChairperson. The new board shall serve for a period of three years.
SICO Capital’s Chairperson, Hassan bin Abdullah AlShuaiby, expressedhis enthusiasm regarding the new appointments, saying, “It is with greatpleasure that we welcome the new board members to SICO Capital’s Board ofDirector. Their combined wealth of experience and diverse backgrounds invarious sectors will undoubtedly enrich our discussions and enhance ourdecision-making processes and governance. We are confident that they willplay pivotal roles in guiding SICO Capital towards continued growth andsuccess. I would like to extend our deepest thanks and appreciation to ouroutgoing Board Members who have successfully served their tenure andprovided us with invaluable insight and direction.”
SICO Capital’s CEO, Bassam Abdulaziz Noor welcomed the new boardadding, “We are confident that the new board will enhance the company’s vision and growth plans. With the new appointments, we are poised to explorenew opportunities, deepen client relationships, and further solidify our positionas a leading financial institution in the Kingdom.”
Fawaz AlBawardi brings more than 13 years of experience in assetmanagement and serves on a substantial number of company boards andboard committees. AlBawardi is the Head of Asset Management at AlBawardiGroup, a position which saw him lead the strategic transformation of the Groupand increase operational efficiency. He is also the Managing Director of BENASteel Industries. AlBawardi holds a bachelor’s degree in finance fromConcordia University in Canada, and a Professional Development Certificatefrom Stanford University.
Mohamed Ghonaim joins the SICO Capital Board of Directors with over 16years of professional experience. He is the Co-founder and former CEO ofD360 Bank since inception, launching the first digital bank in Saudi Arabia.Prior to that, he was an Engagement Manager at McKinsey & Company andSaudi country manager for Rocket Internet Middle East. He also sits on multipleboards advising the leadership teams of primarily tech companies and startupsin the region. Ghonaim holds a Bachelor of Engineering with Honors from theUniversity of Manchester and a Master’s in Business Administration fromHarvard Business School.
Khalid AlJassim is an independent board member at SICO BSC (c), NajlaAlShirawi is Group CEO of SICO BSC (c) and Ali Marshad is Group Head FixedIncome - Asset Management at SICO BSC (c).
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