AlAbraaj Restaurants IPO

Start of trading: 2 July 2024
SICO acted as Lead Manager for the BHD 9 million (USD 24 million) IPO of AlAbraaj Restaurants Group on the Bahrain Bourse. The offering was 2.6X oversubscribed, reflecting strong demand and investor confidence. Notably, SICO’s eIPO digital platform accounted for 50% of applications, highlighting the Bank’s commitment to making capital markets more accessible and efficient for both retail and institutional investors.

Pioneering Bahrain’s capital markets: 

A series of market firsts

First IPO on the BHB to structure dividend payments quarterly
First to grant the lead manager discretion on allotment
First to sell new and existing shares simultaneously
First to offer an online e-subscription platform with biometric KYC
First to allow subscriptions with deferred funding for institutional investors
First family business to liston 
the BHB in 20 years
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