Vision 2025
The bank has time and again proven its resilience by remaining focused, and adapting and evolving during challenging market conditions, which been critical to business growth over the years. The bank has consistently managed to create opportunities and build a more resilient business during market downturns and periods of volatility. We have done so by staying focused on our strategy to better serve our clients and create the foundation for future growth.
Our ‘Vision 2025’ strategy is a three-year roadmap that was approved by SICO’s Board in 2022. It was developed with a detailed roadmap and outlines on actionable tasks and new projects that leverage our core strengths, giving clear roles and responsibilities for various teams throughout the organization.
Key Business Objectives
SICO has identified key business objectives for each business line with detailed action plans and timelines to ensure that objectives are met in a timely manner.
Regional Growth
Given SICO’s newly established presence in the region’s largest growth market, Saudi Arabia, the bank remains focused on establishing and growing its footprint, and leveraging its capabilities. During the current strategy cycle, growth is expected to be more organically driven by subsidiaries in Saudi Arabia and the United Arab Emirates. SICO will however remain open to pursuing inorganic growth opportunities on a very selective basis if and when the opportunities arise.
Integrating ESG
SICO is a responsible business that is working to inte- grate ESG into the investment decision process. We are now in the process of finalizing an ESG framework to drive our approach to responsible investment.