SICO Named Best Securities House in Bahrain 2024 by the Euromoney Awards For Excellence
SICO BSC (c), a leading regional asset manager, broker, and investment bank with presence inBahrain, Saudi Arabia, and the UAE, announced today its recognition as Best Securities House inBahrain 2024 by Euromoney Middle East Awards for Excellence.
Commenting on the award, SICO’s Group CEO, Najla Al Shirawi, said, “We are incredibly proudof our team’s steadfast dedication and hard work, as well as the trust our clients place in us. Thisaward is a testimony to to the ongoing success across all our business lines and our ability to delivercomprehensive investment solutions that meet our clients' aspirations. It also reaffirms SICO'sposition as a prime gateway to capital markets.”
In May 2024, SICO continued to expand its product portfolio, partnering with Oman NationalInvestment Development Company “Tanmia” to launch the USD 126 million Tanmia Liquidity Fundat the Muscat Stock Exchange. In June 2024, SICO also introduced fractional trading for internationalbonds and sukuk, capping the minimum investment from USD 200,000 to USD 50,000, providingclients with broadened diversification opportunities.
SICO’s landmark transactions in 2024 so far include Bank of Bahrain and Kuwait’s (BBK) USDBenchmark Bond Offering, with SICO acting as joint Lead Manager and Joint Bookrunner along withregional and international banks on BBK’s USD benchmark 5-year bond, yielding 6.875%. Thestrong demand, which exceeded USD 1 billion, showcases SICO’s commitment to enhancingliquidity and funding opportunities for its clients.
SICO honed its focus on business developments and transformation over the past year. Theintroduction of SICO’s employee saving scheme, which aims to achieve investment returns that areappropriate for the level of risk the employee is willing to take, demonstrated the firm’s commitmentto innovative finance solutions. Its online trading platform, SICO LIVE, continued to refine its services to enhance the trading experience for clients, while the launch of its new research mobile appsignificantly improved client access to research products.
SICO expanded its partnership with Beyon Money this year, following the success of their initialcollaboration to offer innovative and flexible investment saving products. Through the “Flexi Savings”product, “Beyon “App users can earn competitive profit rates on their cash holdings. Additionally,new investment options have been introduced for fixed terms, including 3-month and 6-monthperiods.
The Euromoney Best Securities House 2024 award recognizes industry-leading firms that excel indomestic investment banking and securities services, showcasing strong local market presence,innovation in financial products, and commitment to diversity, inclusion, and ESG. The awardrecognizes market research quality, adaptability to market changes, and superior client service.
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