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Press releases

Press releases

SICO Named Bahrain’s “Best Investment Bank” and “Best Bank for Diversity & Inclusion” at the 2024 Euromoney Awards for Excellence

Commenting on these two significant awards, SICO Group CEO, Najla Al Shirawi, said, “This is a very proud moment for SICO because we are not only being recognized for our achievements on the Investment banking side of our business but also for the work we have been doing to create a strong, equitable multicultural work environment that gives equal opportunities for all and serves as a catalyst for innovation and productivity. I’m exceptionally proud of the dedication and hard work of our team and I’m grateful for the trust that our clients continue to place in us.”

The launch of the "Tanmia Liquidity Fund," valued at $126 million, aims to enhance liquidity on the Muscat Stock Exchange while achieving long-term capital growth for the fund.

The "Tanmia Liquidity Fund " was inaugurated at the Muscat Stock Exchange. The fund, which has a value of USD 126 million, is dedicated to enhancing market depth and boosting liquidity on the exchange while achieving long-term capital growth for the fund. Oman National Investment Development Company "Tanmia," a leading investment and fund management company, will act as the investment manager in collaboration with SICO BSC (c), a leading regional asset manager, broker, and investment banking services.

SICO Reports BD 1.9 Million (USD 4.9 Million) Net Profit Attributable to Shareholders for the First Quarter of 2024, a 153% Increase From the Previous Year

SICO recorded a consolidated net profit attributable to shareholders amounting to BD 1.9 million (USD 4.9 million) in the first quarter of 2024 compared to BD 737 thousand (USD 2.0 million) recorded in the same quarter last year, reflecting a 153% year on year increase.

SICO Appoints Fadi Al-Qutub as its Newest Board Director

SICO, a leading regional asset manager, broker, market maker, and investment bank with on-the-ground presence in Bahrain, UAE, and Saudi Arabia, announced today the appointment of Fadi Al-Qutub as a new non-executive Board Member for the current term ending 31 March 2026, after obtaining the CBB’s approval. This appointment by the Social Insurance Organization completes the board constitution to a total of 10 directors. “We are very pleased to welcome Fadi Al Qutub as the newest member of our esteemed Board of Directors,” said SICO’s Chairman, Abdulla Kamal. “His regional expertise in asset management is valuable to SICO as we continue to grow and expand our business lines across the region in the coming years.”

SICO Publishes Latest Annual GHG Report

SICO announced today the release of the latest GHG (Greenhouse Gas) report, a crucial step in measuring and monitoring its impact on the environment. The report quantifies the carbon emissions resulting from the Bank’s daily activities and operations, providing valuable insights into its environmental footprint.

SICO Named Best Investment Bank in Bahrain at Global Finance World's Best Investment Banks 2024 Awards for Fifth Consecutive Year

SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, KSA, and UAE, was named Best Investment Bank in Bahrain at the 2024 Global Finance World's Best Investment Banks Awards for the fifth consecutive year. The award affirms SICO’s ability to deliver advisory services and execute complex transactions across a broad spectrum of sectors consistently and efficiently.

Gulf Tamin Acquires 13.85% Stake in Bahrain-listed Arab Insurance Group

Gulf Tamin Ltd, a consortium led by Lepercq, de Neuflize & Co, a New York based financial company, and Callaway Capital Management LLC, a U.S. based hedge fund, today acquired 13.85% of Arab Insurance Group (ARIG).

February 28, 2024

SCA launches new scheme to refund cash held in dormant accounts opened with brokerage firms

As part of its keen efforts to pay back to investors their unclaimed cash held in dormant accounts opened with brokerage firms, the Securities and Commodities Authority (SCA) has the pleasure to announce the start of receiving payback requests to ensure the delivery of fast services that meet investor needs and expectations. This will be done according to the following channels and procedures: The payback request should be submitted to the brokerage firm, along with the following documents and information:

February 26, 2024

SICO Reports BD 4.4 million (USD 11.6 million) in Net Profit Attributable to Shareholders for the Year Ended 31 December 2023, a 23% 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 2023.

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.