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Press releases

Press releases

SICO Appoints New Chief Risk Officer and Head of Middle Office

SICO BSC (c), a leading regional asset manager, broker, and investment bank (licensed as a wholesale bank by the CBB), announced today the appointments of Owen Vallis as Chief Risk Officer and Nimita Nazer as Head of Middle Office.

SICO Concludes Annual and Extraordinary General Meetings Remotely; Approves 8% Dividends

SICO BSC (c), a leading regional asset manager, broker, market maker, and investment bank (licensed as a wholesale bank by the CBB), announced today that it concluded on 23 March 2022 its Annual General (AGM) and Extraordinary Meetings(EGM) where 94.48% of the shareholders approved

February 22, 2022

SICO Reports BD 6.4 Million (USD 17 million) Net Profit Attributed to Shareholders of the Bank for the Year Ended December 31, 2021, An Increase of 116% Year-On-Year

On a quarterly basis, SICO’s consolidated net profit attributable to shareholders increased by 120% in the fourth quarter of 2021 to record BD 2.7 million (USD 7.3 million), compared to BD 1.2 million (USD 3.3 million) for the same quarter of the previous year. Earnings per share increased to 6.77 Bahrain fils in the fourth quarter of 2021 from 3.37 Bahraini fils in the same period last year. Total comprehensive income attributed to shareholders increased by 76% in the fourth quarter of 2021 to BD 3.0 million (USD 8.0 million) compared to BD 1.7 million (USD 4.6 million) for the same quarter of the previous year.

February 14, 2022

SICO Named Best Investment Bank in Bahrain at Global Finance World's Best Investment Banks 2022 Awards for Third Consecutive Year

SICO BSC (c), a leading regional asset manager, broker, and investment bank (licensed as a wholesale bank by the CBB), was once again recognized as the Best Investment Bank in Bahrain at the 2022 Global Finance World's Best Investment Banks awards for the third consecutive year. The award stands as yet another affirmation of SICO’s ability to deliver advisory services and execute complex deals across a wide spectrum of sectors, consistently and efficiently.

January 31, 2022

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”, announced today that the Bahrain Liquidity Fund (BLF), now in its sixth year, has continued to make a major impact on the average daily traded volume (ADTV) of the Bahrain Bourse. The Bahrain Bourse ADTV has reached BD 800,000 (USD 2.1 million) in 2021.

January 26, 2022

SICO Appoints Shaikh Waleed Khamis Al Hashar as Newest Board Member

SICO BSC (c), a leading regional asset manager, broker, and investment bank (licensed as a wholesale bank by the CBB), announced today that it has expanded the size of its Board of Directors to ten members from nine. Shaikh Waleed Khamis Al Hashar, CEO of Bank Muscat, has been appointed as non-independent Executive Director of the Bank. Bank Muscat, which owns a 10.38% stake in SICO has nominated Shaikh Waleed Khamis Al Hashar as its representative in SICO’s Board after obtaining the approval from the regulator.

January 24, 2022

SICO Maintains First Place Ranking on Bahrain Bourse

SICO BSC (c), a leading regional asset manager, broker, and investment bank (licensed as a wholesale bank by the CBB), announced today that it has been named the Number One Broker on the Bahrain Bourse (BHB), a position it has retained for 23 consecutive years, with a market share of 59.62%

December 7, 2021

SICO Wins MENA’s BestEquities Asset Manager and MENA’s Best Sukuk Asset Manager of the Year

SICO BSC (c), a leading regional asset manager, broker, and investment bank (licensed as a wholesale bank by the CBB), has won top honors in four categories at the 2021 Global Investor Group MENA Awards for the exemplary performance of the Bank’s asset management and brokerage teams. SICO was named the MENA region’s Sukuk Manager and Equities Asset Manager of the Year, as well as Bahrain’s Asset Manager and Broker of the Year. The recognition comes on the heels of multiple awards received by SICO in 2021 and attests to SICO’s solid track record and ability to deliver to its clients healthy risk-adjusted returns over the long term.

November 11, 2021

SICO Reports a Net Profit of BD 3.7 million Attributed to the Shareholders of the Bank in the Nine Months of 2021

Stellar performance yields 113% growth in net consolidated profit and growth in AUMs of 79%

January 19, 2019

Batelco Announces the Appointment of SICO as Market Maker on its Shares

Batelco Group (ticker : BATELCO) today announced the appointment of SICO BSC (c) as the designated market maker for Batelco with respect to the company’s ordinary shares listed on the Bahrain Bourse

January 15, 2019

SICO’s Bahrain Liquidity Fund Ends 2018 with a Boost to Liquidity and Performance on the Bahrain Bourse

BD42.5 million Bahrain Liquidity Fund was established with the aim of improving the average daily trading volume of the Bahrain Bourse—since inception in 2016 the Fund has contributed to a sustainable increase in trading volumes.

December 9, 2018

APM Terminals Shares Commences Trading on Bahrain Bourse

Bahrain Bourse announced on 9th December 2018 the listing of APM Terminals Bahrain (‘APMT”) under the trading symbol APMTB

December 5, 2018

SICO Announces Final Statistics on Highly-Successful Oversubscribed APM Terminals Bahrain IPO offered shares

Statistics indicate that the BHD 11.880 million initial public offering attracted a broad investor base and strong demand from reputed family offices, international and regional asset managers.

November 19, 2018

6 days left until the application deadline for APM Terminals Bahrain Initial Public Offering (IPO)

Manama, Bahrain. The Initial Public Offering of APM Terminals Bahrain, offered at BHD 0.660 per share for a total of 20% of the company’s issued share capital, will culminate this week on November 24th.

October 31, 2018

IPO Summary Prospectus

Initial Public offering of 18,000,000 existing shares , equivalent to 20% of APM Terminals Bahrain B.S.C. (c)’s issued share capital , at an offer price of BHD 0.660 per share

October 9, 2018

GCC Inclusion in JP Morgan EMBI Index is Expected to Bring in USD 30-60 bn in Inflows to the GCC Sovereign Credit Market by the End of 2019

The GCC fixed income market is expected to benefit from inclusion in the renowned JP Morgan EMBI Index according to SICO’s latest investment strategy report. Starting 31st January 2019, sovereign bonds and Sukuks from Saudi Arabia, the UAE, Bahrain, Kuwait and Qatar will gradually gain inclusion on the JP Morgan EMBI Index, which already includes Oman.

September 30, 2018

Kuwait equity market set to woo investors and outperform peers

The Kuwaiti equity market is catching the eye of global investors following its FTSE upgrade to emerging market status and its expected reclassification in MSCI’s Emerging Markets Index.

September 17, 2018

Dubai Financial Market accredits SICO as market maker and liquidity provider

SICO BSC (c), a leading regional asset manager, broker, market maker and investment bank, has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM).

August 11, 2026

SICO Reports BD 2.8 million (USD 7.5 million) Net Profit Attributable to Shareholders for the First Half of 2026

SICO’s AUMs grew to BD 3.3 billion (USD 8.9 billion). Manama, Kingdom of Bahrain – 11 August 2026 SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the second quarter and six months ended 30 June 2026.

SICO Reports BD 572 thousand (USD 1.5 million) Net Profit Attributable to Shareholders for the Quarter Ended 31 March 2026

SICO’s AUMs grew to BD 3.1 billion (USD 8.3 billion). Manama, Kingdom of Bahrain – 12 May 2026 SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the quarter ended 31 March 2026.

February 23, 2026

SICO Reports BD 5.5 million (USD 14.6 million) Net Profit Attributable to Shareholders for the Year Ended 31 December 2025

Manama, Kingdom of Bahrain – 23 February 2026 SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the fourth quarter and year ended 31 December 2025.

November 10, 2025

SICO Reports BD 5.1 million (USD 13.5 million) Net Profit Attributable to Shareholders for the Nine Months of 2025

For the quarter, SICO’s consolidated net profit attributable to shareholders grew 6% year-on-year, to record BD 2.2 million (USD 5.7 million) in the third quarter of 2025 compared to BD 2.0 million (USD 5.4 million) recorded in the same three-month period of last year.

August 12, 2025

SICO Reports BD 2.9 million (USD 7.7 million) Net Profit Attributable to Shareholders for the First Half of 2025

For the quarter, SICO’s consolidated net profit attributable to shareholders grew 16% year-on-year, to record BD 1.5 million (USD 4 million) in the second quarter of 2025 compared to BD 1.3 million (USD 3.5 million) recorded in the same three-month period of last year. The improvement is mostly related to the increase in net investment income during the quarter compared to the corresponding period last year, due to favourable global market conditions. Earnings per share (EPS) recorded 3.73 Bahraini fils in the second quarter of the year versus 3.23 Bahraini fils in the comparable quarter of 2024. SICO reported total comprehensive income of BD 1.7 million (USD 4.5 million) for the second quarter of 2025, compared to a total comprehensive income of BD 1.2 million (USD 3.2 million) booked in the same quarter of last year, representing an increase of 39%.

SICO Reports BD 1.4 Million (USD 3.7 Million) Net Profit Attributable to Shareholders for the First Quarter of 2025

Manama, Kingdom of Bahrain – 13 May 2025 SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the first quarter ended 31 March 2025.

February 25, 2025

SICO Reports BD 5.5 million (USD 14.6 million) in Net Profit Attributable to Shareholders for the Year Ended 31 December 2024, a 26% Increase from the Previous Year

Manama, Kingdom of Bahrain: SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the fourth quarter and year ended 31 December 2024.

November 13, 2024

SICO Reports BD 5.2 million (USD 13.8 million) Net Profit Attributable to Shareholders for the Nine Months of 2024, a 140% Increase from the Previous Year

Manama, Kingdom of Bahrain – 13 November 2024 SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the third quarter and nine months ended 30 September 2024.

August 12, 2024

SICO Reports BD 3.2 million (USD 8.4 million) Net Profit Attributable to Shareholders for the First Half of 2024, a 95% Increase from the Previous Year

For the quarter, SICO’s consolidated net profit attributable to shareholders grew 47% year-on-year, to record BD 1.3 million (USD 3.5 million) in the second quarter of 2024 compared to BD 892 thousand (USD 2.4 million) recorded in the same three-month period of last year.