Securities Services

2022 witnessed significant expansion within SICO’s securities and fund administration business with the launch of a full range of custody and fund administration services in Saudi Arabia and further enhancement of the existing service offering in Bahrain

SICO is a well-established fund services provider that has been offering custody services to clients in Bahrain since 2004. Known for its client-centric approach and active utilization of technology, tools, processes, and delivery platforms, SICO is considered one of the GCC’s most successful and highly regarded fund service providers. In 2022, SICO launched its custody and fund services division in Saudi Arabia to capitalize on and complement its growing asset management business in the Kingdom.

SICO offers a full range of integrated securities and fund administration services in both its home country of Bahrain and in Saudi Arabia. The comprehensive services on offer in both of these countries provide a holistic basket of solutions for asset managers, investment funds, portfolios, sukuk, and various structured financial instruments that give investment managers the ability to outsource their administrative overheads, enhance efficiencies, and focus on their core business.

SICO’s tailor-made middle- and back-office services are specifically designed to meet the evolving needs of a diverse local and global client base of both emerging and established players across the region. In addition to pre- and post-trade execution solutions, new value-added services for asset managers such as middle office and performance analytics for public and private funds covering all asset classes have been introduced. These include unit holder dealing, investment manager factsheets, and bespoke front to back-office reporting.

To deliver these best-in-class services to a growing customer base, SICO has an established roster of partnerships with leading international companies such as global fintech player, FIS, which provides fund services and alternative assets solutions and S&P Global Market Intelligence, a leading provider of financial information and solutions, for pre- and post-trade asset services.

Going forward, the securities and fund administration business at SICO will look to maximize synergies between teams in Bahrain and Saudi Arabia with an eye on developing its service offering across the board and ensuring that its systems remain robust and scalable.