SICO Signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development (AAAID) to Boost Agricultural Investment and Food Security
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presencein Bahrain, Saudi Arabia, and the UAE, announced today the signing of a Letter of Intent with theArab Authority for Agricultural Investment and Development (AAAID). SICO will act as the financialadvisor to support AAAID’s strategic initiatives by identifying and sourcing direct investmentopportunities within the agricultural and food security sectors.
The primary objective of signing this Letter of Intent is to support AAAID’s goals within the Arab andGCC region, with a particular emphasis on Bahrain and Saudi Arabia. This will be achieved bycollaborating on projects for AAAID, facilitating investment through equity and/or debt financingopportunities, and engaging in business development activities.
Najla Al Shirawi, Group CEO of SICO, said, “We are thrilled to announce our strategic collaborationwith AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising,and joint ventures, we aim to drive value and promote sustainable growth within the agriculturesector. Together, we are committed to making a significant impact on the agricultural industry andensuring a secure and sustainable future.”
HE. Dr. Obaid Al Zaabi, Chairman of AAAID, stated, “This collaboration aligns with our strategicvision to enhance our capabilities, enabling us to equip our projects with the necessary tools andinformation to achieve our ambitious goals and aspirations. By capitalizing on SICO's extensive expertise in the industry, we are well-positioned to identify and execute high-impact projects that willdrive sustainable growth. Our collaboration will focus on innovative solutions and strategicinvestments that address the unique challenges of our region.”
Through this collaboration, SICO will provide acquisition advisory services, including due diligence,valuations, and transaction structuring and execution support. Additionally, SICO will assist incapital-raising activities for AAAID's invested companies and explore joint venture opportunities. Thepartnership will emphasize promoting sustainable agricultural practices and enhancing food securityresilience across the region.
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