Bahrain-based investment bank SICO has announced the successful completion of the merger of its key subsidiary, SICO Funds Services Company, into the bank, thus marking the final phase of its strategic integration initiative designed to further boost its integrated operating model.
SICO, a leading regional asset manager, broker, and investment bank with a direct presence in Bahrain, the UAE, and Saudi Arabia, has appointed Yousif Bucheeri as Group Deputy Chief Executive Officer for Sell Side business, effective May 13.
SICO held its 2026 virtual AGM, approving a 7.5% cash dividend, endorsing 2025 financial statements, and reporting BD5.5 million ($14.6 million) net profit, with participation from regulators, shareholders, board members, and external auditors.
SICO, a leading regional asset manager, broker, market maker, and investment bank with physical presence in Bahrain, Saudi Arabia, and the UAE, has announced an expanded product suite of $500 million in new transactions and investment initiatives during the Gateway Gulf 2025 Forum in Manama.
SICO, licensed as a conventional wholesale bank by the Central Bank of Bahrain (CBB), said its consolidated net profit attributable to shareholders grew 6% year-on-year, to record BD2.2 million ($5.7 million) in the third quarter of 2025 compared to BD2 million ($5.4 million) for the same quarter last year.
SICO, a leading regional asset manager, broker, market maker, has been appointed by Flooss Bahrain, a digital platform providing Sharia-compliant financing, to act as financial advisor and lead manager for a proposed securitisation sukuk issuance of up to $10 million.
