SICO recorded a consolidated net profit for the first nine months of 2020 amounting to BD 1.7 million, a decrease of 52% from BD 3.6 million recorded in the corresponding period of 2019.
SICO Solidifies Saudi Presence with Muscat Capital Acquisition
SICO announced the signing of a landmark agreement with Bank Muscat SAOG to acquire a majority stakein Saudi-based Muscat Capital, a wholly owned subsidiary of Bank Muscat.
Mohamed Ibrahim, SICO’s Head of IT discusses the importance of digitalization during the pandemic and SICO’s technological capabilities in this interview.
SICO seeks to create value not just for shareholders, but for all of stakeholders, which include our clients, our partners, our employees, and the community at large. Accordingly, the bank has embarked on a number of initiatives to support local communities.
SICO BSC(c), licensed as a conventional wholesale bank by the CBB, P.O.Box 1331, BMB Centre, Diplomatic Area, Manama, Kingdom of Bahrain, T: +973 1751 5000, F: +973 1751 4000 sicobank.com
