Saudi Capital Markets Authority Gives SICO Regulatory Approval to Offer Asset Management Services in the Kingdom


SICO BSC (c), a leading regional asset manager, broker, market maker and investment bank (licensed as a wholesale bank by the CBB), announced today that its Saudi subsidiary, SICO Financial Saudi Company (under formation) has received a license from the Saudi Capital Markets Authority (CMA) to manage private non-real-estate investment funds and sophisticated investor portfolios in the Kingdom of Saudi Arabia.

The announcement marks the SICO Asset Management Division’s first entry into a market outside Bahrain and stands as a major milestone towards the full execution of the bank’s regional expansion strategy.

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