Bahrain Duty Free
Privatization through an IPO
First privatization through an IPO in the Kingdom of Bahrain

Arab Insurance Group
Initial Public Offering
Largest IPO on the Bahrain Bourse at the time with total offer of USD 290 million

Qatar Telecom
Privatization through an IPO
First privatization exercise in the state of Qatar

ALBA
Public Offering on FRNs
One of the most significant debt public offering to finance an industrial expansion project in Bahrain

Nass Corporation
Initial Public Offering
Largest IPO on the Bahrain Bourse for 8 years with a total offer of USD 81 million
First family business in Bahrain to go public
First IPO in Bahrain to investors of all nationalities

European Islamic Investment Bank
Initial Public Offering & Listing on AIM
First listing of a Shari'ah-compliant financial institution on the Alternative Investment Market of the London Stock Exchange

Seef Properties
Privatization through an IPO
Marked start of major new privatization initiative by Government of Bahrain
Pioneering IPO structure included a special retail offering to protect small investors, featuring a claw-back mechanism and green-shoe option in the case of oversubscription
Success of IPO set a new template for privatization in MENA

Arab Banking Corporation
Advisor on USD 1.1 billion Secondary Offer
First-of-its-kind mandate as financial advisor to the independent shareholders of ABC in a fully-underwritten priority right issue

Bahrain Islamic Bank
Advisor of USD 93 million Acquisition
One of the most significant M&A in banking sector in Bahrain

Eskan Bank Realty
Income Trust (EBRIT)
Real Estate Investment Trust (REIT)
Lead manager, sub-investment manager and market maker for Bahrain’s first-listed REIT and the second REIT IPO regionally with a size of BD 19.8 million (USD 52.5 million)

BBK
Tier 1 convertible Perpetual Capital Securities Issuance
Lead manager for BBK’S BD 100 million (USD 265 million) Perpetual Tier 1 Convertible Capital Securities Issuance

Gulf Hotels Group
Advisor on BHD 25.8 million (USD 68.4 million) Acquisition
Buy-side Advisor on the successful acquisition of Bahrain Tourism Company by Gulf Hotels Group on a share swap basis

APM Terminals IPO

Initial Public Offering of APM Terminals Bahrain

Most successful IPO on the Bahrain Bourse in a decade

Total offer size BHD 11.8 mn

Funded applications 5.4X the offer size

Mandated lead manager

Underwriter

Market maker

Participating broker

National Bank of Bahrain acquisition of Bahrain Islamic Bank
Completed mandate as issue execution advisor, receiving agent, and allotment agent

Kuwait Finance House’s acquisition of Ahli United Bank
Mandated as Bahrain receiving agent, Bahrain execution adviser, and cross-listing adviser

Private Equity Firms
Appointed as Bahrain placement agent on transaction by one of the globe’s leading private equity firms

Mumtalakat Holding Company
Appointed by Mumtalakat as financial advisor for potential merger in Bahraini poultry sector/p>

Investcorp
Share buyback and delisting from BHB

General Poultry and Delmon Poultry
Preliminary assessments for a potential consolidation

Innova Healthcare
Private placement deal in Saudi Arabia

Bahrain Bourse
retained status as Number One Broker for the 23rd consecutive year

Board Appointment
SICO expanded its Board of Directors to ten members with the appointment of Shaikh Waleed Khamis Al Hashar, CEO of Bank Muscat

Greenhouse Gas Report
published inaugural Greenhouse Gas Emissions (GHG) Report

Women in Investment (WIM)
launched programme in partnership with CFA Society Bahrain

Kuwait Finance House
completed advisory on 100% acquisition of Ahli United Bank

SICO Top-20 Portfolio
announced cumulative returns of 152% at its five-year mark

SICO LIVE
launched new global platform and introduced eKYC onboarding feature

Asset Management
introduced a new Middle Office function

Saudi Innova Healthcare Company
SICO Capital completed a private placement transaction

SICO Capital
acquired the remaining stake, making it a wholly owned subsidiary

Bank Muscat
increased shareholding in SICO to 13.14%

Securities Services
SICO Capital established a new business line

Esterad
successful sale of 11% stake in Esterad, a listed company owned by the National Bank of Bahrain

Dallah Al Baraka
served as financial advisor for voluntary conditional exit offer of up to 100% of Al Baraka Group’s issued ordinary shares, aiming to delist from the Bahrain Bourse fully

Al Jazeera Tourism Company (AJTC)
advised the team on AJTC’s benchmark performance versus the S&P FCC Index, outperforming by 15.3%

Advised on the successful 100% sale of Novotel Al Dana Resort to Gulf Hotels Group

Gulf Tamin Ltd.
appointed as financial advisor on partial acquisition of 13.85% of Arab Insurance Group’s issued ordinary shares

Bahrain Family Leisure Company (BFLC)
acted as advisor on potential M&A with DCG Hospitality & Partners

AlAbraaj Restaurants
Lead manager for BD 9 million IPO on the Bahrain Bourse

Tanmia Liquidity Fund
Structured and launched USD 126 million liquidity fund on the Muscat Stock Exchange

Fractional Bonds and Sukuk Trading
Joint lead manager for the launch of an innovative fixed income trading platform

Bank of Bahrain and Kuwait (BBK)
Joint lead manager for BBK’s USD benchmark bond offering

Saudi Residential Real Estate Fund
Launched USD 250 million fund through SICO Capital, focused on residential real estate in Saudi Arabia

LuLu Retail
Co-lead bank on LuLu Retail’s IPO on Abu Dhabi Securities Exchange (ADX)

Dilmun Compounders Fund (DCF)
Structured and launched a new thematic fund focused on diversified sector exposure across the region