SICO Named Best Investment Bank in Bahrain at Global Finance World's Best Investment Banks 2024 Awards for Fifth Consecutive Year
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presencein Bahrain, KSA, and UAE, was named Best Investment Bank in Bahrain at the 2024 Global FinanceWorld's Best Investment Banks Awards for the fifth consecutive year. The award affirms SICO’sability to deliver advisory services and execute complex transactions across a broad spectrum ofsectors consistently and efficiently.
Commenting on the award, SICO’s CEO, Najla Al Shirawi, expressed her satisfaction withSICO’s business lines’ continuous accomplishments, saying, “Receiving this recognition for thefifth consecutive year is a testament to the trust of our clients in the dedication and expertise of ouraccomplished team. SICO’s management and execution of a diverse range of innovativetransactions, such as the sale of assets, primary and secondary listings, and mergers andacquisitions, have successfully established a track record of expertise and exceptional performanceover the past 25 years. This acknowledgement further establishes our status as the prime gatewayto capital markets for Bahrain and the region as a whole.”
In 2023, SICO Investment Banking served as the financial advisor for Dallah Al Baraka’s voluntaryconditional exit offer of up to 100% of Al Baraka Group’s issued ordinary shares, with the aim of fullydelisting from the Bahrain Bourse. SICO Investment Banking played a significant role in thesuccessful sale of an 11% stake in Esterad, a listed company owned by the National Bank of Bahrain.The investment banking team also advised Al Jazeera Tourism Company’s (AJTC) 100% sale ofNovotel Al Dana Resort to Gulf Hotels Group. Additionally, SICO was appointed as the financialadvisor for Gulf Tamin Ltd. on their partial acquisition of 13.85% of the issued ordinary shares ofArab Insurance Group. In Saudi, the team successfully carried out their role as the receiving agentfor the Osool and Bakheet Investment IPO on the Saudi Parallel Market, Nomu.
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