SICO’s Bahrain Liquidity Fund Concludes 2021 with a return of 11.4%
SICO BSC (c), a leading regional asset manager, broker, market maker and investment bank(licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announcedtoday that the Bahrain Liquidity Fund (BLF), now in its sixth year, has continued to make a majorimpact on the average daily traded volume (ADTV) of the Bahrain Bourse. The Bahrain BourseADTV has reached BD 800,000 (USD 2.1 million) in 2021.
Commenting on of the objective of the Fund, Fadhel Makhlooq, SICO’s Chief Capital MarketsOfficer, said, “The Fund had a positive impact on the BHB despite its reduced size, resulting frompaying back in cash a total of 20% of the fund’s size to its shareholders over the past six years.
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