SICO Unveils $500M in New Investment Products at Gateway Gulf 2024

SICO BSC (c), a leading regional asset manager, broker, and investment bank with a direct presence in Bahrain, Saudi Arabia, and the UAE, has announced an expanded product suite at Gateway Gulf 2024. The new offerings include two Bahrain-domiciled funds: a USD 100 million global equities fund and a USD 50 million Turkish Shariah opportunities fund. Additionally, there is an upcoming USD 70 million IPO in the food and beverage sector and a USD 30 million Shariah-compliant securitization fund.

SICO Capital, the Riyadh-based subsidiary of SICO, launched a USD 250 million Saudi residential real estate fund, expanding investment opportunities in Saudi Arabia’s residential market. The fund has already acquired three new residential projects in Riyadh, aligning with its growth-focused strategy in the city’s real estate sector.

The global equities fund is an actively managed USD 100 million fund targeting high-growth sectors globally, designed to deliver long-term capital appreciation. The USD 50 million Turkish Shariah opportunities fund offers investors access to Turkey’s high-yield fixed income market, providing portfolio diversification and opportunities for favorable risk-adjusted returns in one of the fastest-growing emerging markets.

Additionally, SICO is developing a USD 30 million Shariah-compliant consumer finance securitization fund, providing issuers with growth capital and giving investors access to securities backed by private credit. SICO also announced an upcoming USD 70 million IPO in the food and beverage sector, which is expected to be listed on the main market of the Bahrain Bourse by year-end. This IPO marks the first in Bahrain in six years and will establish the largest listed food and beverage entity on the exchange, aligning with Bahrain’s latest listing incentives.

The IPO will launch on SICO’s newly introduced eIPO platform, an innovative digital solution powered by AI to streamline IPOs, M&A transactions, and corporate deals. This platform enhances speed, accuracy, and efficiency by automating critical steps, reflecting SICO’s commitment to leveraging technology for better service delivery.

Najla Al Shirawi, SICO’s Group CEO, expressed enthusiasm for the new products at Gateway Gulf, stating, “At SICO, we are committed to exploring innovative solutions and attractive offerings to better serve our clients. These new products reflect our dedication and forward-thinking, and we’re proud to launch them as part of our commitment to excellence in Bahrain’s financial sector.”

SICO was named the best investment bank in Bahrain at the 2024 Global Finance World’s Best Investment Banks Awards for the fifth consecutive year. It was also recognized as the Best Investment Bank in Bahrain, Best Securities House in Bahrain, and Best Bank in Bahrain for Diversity & Inclusion by the Euromoney Awards 2024. SICO continues to be the Kingdom’s partner of choice for M&A deals and IPOs, advising on some of the country’s most significant and complex transactions.