SICO is committed to upholding the highest standards of corporate governance. This entails complying with regulatory requirements, protecting the rights and interests of all stakeholders, enhancing shareholder value, and achieving organizational efficiency. The Bank has Board-approved policies for risk management, compliance and internal controls, in accordance with the rules and guidelines from the Central Bank of Bahrain (CBB). SICO’s Board of Directors consists of nine Directors, two of whom are Independent Directors, two Executive Directors (including the Vice-Chairman), and five Non-Executive Directors.

SICO has adopted a whistle blowing policy and operates under the supervision of the CBB in compliance with Decree Law No. (4) of 2001 and its amendments (collectively, “the AML Law”) with respect to the Prevention and Prohibition of money laundering. The CBB has adopted and is compliant with the recommendations issued by the Financial Action Task Force (“FATF”), which are the international standard for effective anti-money laundering regimes and the requirements of the Basel committee (Customer Due Diligence for Bank’s paper, that are relevant to conventional bank licensees. The Kingdom of Bahrain is a member of the Gulf Cooperation Council (GCC), which is a member of FATF, and also a member of MENAFATF, which is an associate member of FATF.

The full details of SICO’s Corporate Governance can be found here.

Code of Business Conduct

SICO conducts itself in accordance with the highest standards of ethical behavior. A Code of Conduct for SICO Staff has been developed to govern the personal and professional conduct of all employees. The Code of Conduct outlines areas of conflict of interest, confidentiality, fair and equitable treatment, ethics, and managing customer complaints. A Whistleblowing Policy and Procedures is also included within the Code of Conduct for SICO Staff.


SICO is committed to maintaining the confidentiality, integrity, and security of information collected from customers, in accordance with all applicable privacy laws. For the purposes of privacy laws in Bahrain, SICO acts as the ‘Data Manager’ in respect to any personal information received from clients.

The manner in which information is collected, shared and processed through all means including corporate offices, subsidiaries, affiliates, the SICO website, as well as any other direct or indirect interactions with the Bank is defined by SICO’s privacy policy.

Please click here for our full Privacy Policy.