Flooss Appoints SICO to Structure up to USD 10 Million Securitization Sukuk Issuance
08/10/2025During the Fintech Forward Forum , SICO BSC (c), a leading regional asset manager,
broker, market maker, and investment bank with physical presence in Bahrain, Saudi
Arabia, and the UAE announced its appointment by FLOOSS Bahrain B.S.C. (C),
Bahrain’s first digital platform providing instant, Sharia-compliant financing and licensed by
the Central Bank of Bahrain (CBB) as a financing company, to act as financial advisor and
lead manager for a proposed securitization sukuk issuance of up to USD 10 million
subject to CBB approval
Ali Marshad, SICO’s Group Deputy Chief Executive Officer, commented : “We are proud to partner with Flooss on this pioneering initiative, which will contribute to Bahrain’s
fixed-income market with a new Sharia-compliant instrument. This transaction sets the stage for further innovation in financing solutions that drive growth.”
Fawaz Ghazal , Flooss Group CEO added : “The proposed structure of Flooss’s first up to USD 10 million Sukuk, in collaboration with SICO, marks a strategic step toward strengthening our funding base and diversifying our capital structure to support healthy, balanced, and Sharia-compliant growth.
This step underscores our commitment to embedded finance and innovation in delivering financial solutions, reinforcing Flooss’s position as a leading provider of digital financial services in the region.”
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