SICO Named Bahrain’s “Best Investment Bank” and “Best Bank for Diversity & Inclusion” at the 2024 Euromoney Awards for Excellence
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presencein Bahrain, UAE, and Saudi Arabia, proudly announced that it has once again been recognized atthe Euromoney Middle East Awards for Excellence for its exceptional achievements as aninvestment bank, and for its accomplishments in developing a workplace culture that prioritizesdiversity, equality, and inclusion.
Commenting on these two significant awards, SICO Group CEO, Najla Al Shirawi, said, “This is avery proud moment for SICO because we are not only being recognized for our achievements onthe Investment banking side of our business but also for the work we have been doing to create astrong, equitable multicultural work environment that gives equal opportunities for all and serves asa catalyst for innovation and productivity. I’m exceptionally proud of the dedication and hard work ofour team and I’m grateful for the trust that our clients continue to place in us.”
SICO has maintained its position as the investment house of choice in the Bahraini market for morethan two decades for equity and debt capital market transactions, M&A deals, and advisoryservices. Today, with an on the ground presence in three markets, SICO stands as a prime gatewayto capital markets in Bahrain and the region. The Bank continues to play an important role in the successful execution of landmark deals and innovative transactions. This is the sixth time that SICO has been recognized by Euromoney as the Best Investment Bank in Bahrain.
Commenting on the ‘Best Investment Bank Award,’ the Euromoney editorial team said, “SICOworked on several high-profile deals over the course of 2023. It closed the year on a high, with DallahAlbaraka’s USD 84.3 million take private offer for Al Baraka Group in December. The team alsoworked with US-based hedge fund Callaway Capital Management and acted as financial advisor toconsortium, Gulf Tamim, on its acquisition of a 13.85% stake in Arab Insurance Group”
SICO has received the Euromoney Diversity & Inclusion Award for two years in a row, recognizingthe proactive strategies that the Bank has adopted for the past decade which include investing inhuman capital, focusing on women’s empowerment, ensuring a discrimination-free environment,and promoting diversity in recruitment, retention, and development programs. SICO boastssignificant gender representation in its workforce, with women holding 31% of managerial positionsand 40% of its Board of Directors seats, the highest representation in Bahrain.
Euromoney’s Middle East Awards for Excellence are annual accreditations granted by EuromoneyMagazine to celebrate the greatest achievements and innovations in banking and finance. They aimto recognize financial institutions that exhibit exceptional leadership, innovation, and service in thebanking industry.
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