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07/12/2016

Eskan Bank Reit Ipo Exceeds 95% Per Cent Subscription Rate

Eskan Bank and Securities & Investment Company (SICO) announced today the subscription results and allotment basis of the initial public offering (IPO) of the BD 19,800,000 Eskan Bank Realty Income Trust (REIT). The IPO offered 144,394,499 units of the total 198,000,000 units in issuance at an offer price of BD 0.100 units, totalling BD 14.4 million (US$ 38.2mn). The IPO opened on 22 November and closed on 6 December 2016. SICO is the mandated lead manager for the IPO as well as the REIT’s sub-investment manager and market maker.

04/12/2016

IPO closes on Tuesday

Eskan Bank has issued a reminder that there are only 2 working days left until the closing date of Tuesday 6 December for the public offering of units in Bahrain’s first Sharia-compliant retail real estate investment trust (REIT). Securities & Investment Company (SICO) is the mandated lead manager, sub-investment manager and dedicated market maker for the offering; while Bahrain Islamic Bank (BisB) has been appointed as the receiving bank.

27/11/2016

SICO Funds Services Company named Best GCC Custodian

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today that its wholly-owned subsidiary – SICO Funds Services Company (SFS) – has been named ‘GCC Best Custodian’ by the World Finance GCC Investment & Development Awards 2016. SFS was selected from a final shortlist of nominees comprising four global and regional financial institutions.

21/11/2016

Groundbreaking Eskan Bank REIT public offering opens today

The initial public offering (IPO) of the Eskan Bank Realty Income Trust (REIT) opens today for two weeks, and will close on Tuesday 6 December 2016. The BD 14.4 million offering represents 72.9% of the Trust’s total size of BD 19.8 million, and has a target of 6.5% in net distributable income payable semi-annually. This Sharia-compliant offering is reserved for Bahraini and GCC nationals, and is open to individual and institutional applicants.

14/11/2016

Eskan Bank announces 22 November for retail REIT public offering

Eskan Bank announced today that it has finalised the formal registration of its groundbreaking real estate investment trust (REIT) with the Central Bank of Bahrain (CBB), which marks completion of all CBB-related regulatory requirements. This will now enable the REIT to be launched to Bahraini and GCC institutional and retail investors on Tuesday 22 November, with a subsequent listing on the Bahrain Bourse (BHB). Securities & Investment Company (SICO) is the mandated Lead Manager for the public offering and listing of Bahrain’s first Sharia-compliant real estate investment trust (REIT) that is open to retail investors, as well as the sub-investment manager and dedicated market maker.

08/11/2016

SICO announces first nine months and third quarter of 2016

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the first nine months and third quarter of 2016.

23/08/2016

SICO adopts CFA institute global asset management standards

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today that it has joined a select group of asset managers in the MENA region that have claimed compliance with the Global Investment Performance Standards (GIPS) issued by the CFA Institute.

10/08/2016

SICO posts net profit of BD 715 thousand for second quarter 2016 Asset Under Management reach US$ 1.02 billion

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the second quarter of 2016 and the first six months of the year.

28/06/2016

Seed investors if bahrain Liquidity Fund Announced

Securities & Investment Company (SICO), the Investment Manager for the Bahrain Liquidity Fund, announced today the names of the seed investors in this newly-launched fund.

05/06/2016

$100 million fund launched to boost liquidity on Bahrain Bourse

Investors in the Bahrain Bourse are expected to see greater liquidity in future after a new fund was launched today with the aim of enhancing the market’s depth.

31/05/2016

MENA Investment industry has 'immense growth potential

While the MENA investment pool totals approximately US$ 4.5 trillion, less than 10 per cent of this finds its way to regional asset managers. Moreover, the regional investment industry is very fragmented, with over 200 managers responsible for around US$ 250-300 billion in assets. One key reason why MENA investment industry has been unable to take off in the last decade or so has been poor market returns. On the back of three major corrections, MENA markets have fallen by more than 50 per cent over the 10-year period from 2006 to 2015.

26/05/2016

Bahrain Bourse Approves SICO as the First Market Maker at Bahrain Bourse

An agreement was signed between Bahrain Bourse (BHB) and Securities & Investment Co. (SICO) on Thursday, 26th May 2016, to approve SICO as a Market Maker at the bourse. The agreement was signed by the Chief Executive Officer of Bahrain Bourse Sh. Khalifa bin Ebrahim Al-Khalifa, and the Chief Executive Officer of SICO Mrs. Najla Al-Shirawi. Following the signing, Mrs. Al-Shirawi rang the bell to open the trading session at BHB.

16/05/2016

SICO wins award for highest traded shares on Bahrain Bourse

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, has been honoured for the third consecutive year with a special award by the Arab Federation of Exchanges (AFE). Presentation of the award took place at the gala dinner of the AFE Equities Summit 2016 held on 27 and 28 April at the Four Seasons Hotel, Amman, Jordan.

10/05/2016

SICO announces BD 1.34 Million operating profitability for first quarter of 2016

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the first quarter of 2016.

19/04/2016

Subscription to BBK Capital securities offering Exceeded 86%

BBK, a leading Bahrain-based retail bank, announced today the subscription results and allotment basis of its BD 100 million (US$ 265.3mn) perpetual tier1 convertible capital securities offering on a rights privileged basis to shareholders, for which Securities & Investment Company (SICO) is the lead manager.

10/04/2016

SICO to sponsor CFA Middle east Investment Conference 2016

Securities & Investment Company (SICO), licensed as a conventional wholesale bank by the Central Bank of Bahrain, announced today that it is a silversponsor of the CFA Institute Middle East Investment Conference (MEIC), hosted by CFA Society Bahrain on 13 April 2016 at the Ritz-Carlton Hotel & Spa, Kingdom of Bahrain.

03/04/2016

Subscription opens for BBK’S BD 100 million convertible capital securities offering

BBK and Securities & Investment Company (SICO) jointly announce the opening for subscription on Sunday 3 April 2016 of BBK’s BD 100 million (US$ 265.3mn) perpetual tier 1 convertible capital securities offering, which will close on Monday 18 April 2016.

21/03/2016

SICO declares 5 per cent cash dividend for 2015

The Shareholders ofSecurities & Investment Company (SICO), which is licensed by the Central Bank of Bahrain as a conventional wholesale bank, have approved the distribution of a cash dividend of BD 2,142,439 for 2015, which represents 5 per cent of the paid-up capital. The dividend was recommended by SICO’s Board of Directors and approved by the Shareholders at the Bank’s Annual General Meeting (AGM) held on Monday 21 March 2016 at the Diplomat Radisson Blu Hotel, Bahrain. The quorum at the AGM was 90.37 per cent.

15/03/2016

SICO Fixed Income Fund outperforms benchmark for the second consecutive year

Demand for high-quality fixed income assets will remain insatiable during 2016, as long as oil prices and interest rates stay low. This is the outlook of Bahrain-based Securities & Investment Company (SICO), following its latest review of the global and regional fixed income markets.

01/03/2016

Bottom-up approach to stock selection

Recent equities strategy report issued by SICO Research, the research and analysis arm of Bahrain-based Securities & Investment Company (SICO) adopts Micro approach instead of Macro focus in analyzing GCC equities. GCC nations are in challenging times due to lower oil price and Governments are taking appropriate measures through fiscal reforms. The report analyses the impact of these measures on different industries and focus on companies which are overly punished, post broader market correction and are trading attractive at current valuations through bottom up approach.

20/02/2016

SICO announces net profit of BD 2.8 million for 2015

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the fourth quarter and full fiscal year ending 31 December 2015.

08/02/2016

SICO retains number one broker status on Bahrain Bourse

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today that it had retained its status as the leading broker on the Bahrain Bourse (BHB) for the 17th consecutive year.