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Press releases

Press releases

SICO Concludes Annual General Meeting

SICO BSC (c), a leading regional asset manager, broker, market maker, and investment bank, held on 24 March 2025 its Annual General Meeting (AGM) at the bank’s headquarters in the Bahrain World Trade Center, with the presence of members of the Board of Directors and Executive Management of SICO, and shareholders and representatives from the Central Bank of Bahrain and Bahrain Bourse.

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.

February 19, 2025

SICO Acts as Execution Agent for strategic Ma’aden – SIIC in USD 1 billion ALBA share transaction

SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the successful completion of its role as execution agent and broker on behalf of both the Saudi Arabian Mining Company (Ma'aden) and SABIC Industrial Investment Company (SIIC) in a BHD 363,076,960 (equivalent to SAR 3,611,504,737) landmark transaction pertaining to 292,804,000 shares of Aluminum Bahrain B.S.C. (ALBA). Ma’aden acquired SIIC’s entire 20.62% shareholding in ALBA, making it ALBA’s second largest shareholder. Ma’aden is listed on the Saudi Exchange and is the largest mining company in Saudi Arabia. SIIC is a wholly owned subsidiary of SABIC, one of the world’s largest petrochemical manufacturers, also listed on the Saudi Exchange.

December 19, 2024

AlAbraaj Restaurants Group B.S.C. (‘ABRAAJ’) Shares Commences Trading on Bahrain Bourse

Bahrain Bourse announced on Thursday, 19th December 2024 the listing of AlAbraaj Restaurants Group B.S.C. under the trading symbol ‘ABRAAJ’, where a ringing bell ceremony was held to mark the commencement of trading on ABRAAJ shares in the presence of Sh. Khalifa Bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse, Hamad Rashed Isa, Chairman of AlAbraaj Restaurants Group alongside the executive management of Bahrain Bourse, SICO, and senior representatives from various entities and stakeholders.

December 11, 2024

AlAbraaj Restaurants Group Announces Provisional Results and Allotment Basis of its Initial Public Offering

SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the successful closing of the BHD 9 million initial public offering (“IPO”) of AlAbraaj Restaurants Group, which was significantly oversubscribed by 2.6 times. These results reflect the provisional reconciliation of the data related to the application forms received.

December 1, 2024

SICO Publishes its Fourth Annual Investor Return Requirements in the GCC Report, Highlighting Regional Insights and Investor Expectations

SICO BSC (c), a leading regional asset manager, broker, and investment bank with a direct presence in Bahrain, Saudi Arabia, and the UAE, published its fourth annual investor return assessment survey, offering an inside look into the economic and return requirements of investors across the GCC.

November 17, 2024

AlAbraaj Restaurants Group Announces BHD 9 million Initial Public Offering (IPO)

Manama, Bahrain – 17th November 2024 – AlAbraaj Restaurants Group, a leading company in Bahrain’s restaurant industry, has announced the initial public offering (IPO) of 38 million of its shares equating to 35% of its total issued share capital after the IPO.

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.

November 10, 2024

SICO Appointed as Lead Manager for AlAbraaj Restaurants Group's Planned IPO

Manama, Bahrain – 10 November 2024 – AlAbraaj Restaurants Group, a leading company in Bahrain’s restaurant industry announces the appointment of SICO BSC (c) as the Lead Manager for its upcoming initial public offering (IPO). SICO is a prominent regional asset manager, broker, and investment bank with a direct presence in Bahrain, Saudi Arabia, and the UAE. The IPO aims to establish one of the largest publicly traded food and beverage entities in Bahrain and is expected to be launched before the end of this year, with a listing on the main market of the Bahrain Bourse.

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.