SICO Appointed as Bahrain Receiving Agent, Bahrain Execution Advisor, and Cross-Listing Advisor for Kuwait Finance House’s Offer to Acquire 100% of Ahli United Bank


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 it has been mandated by Kuwait Finance House K.S.C.P. (KFH) as Bahrain receiving agent, Bahrain execution advisor and crosslisting advisor in KFH’s offer to acquire Ahli United Bank B.S.C. (AUB).

The cross-border acquisition would create a USD104 bn regional banking powerhouse that is set to become the world’s largest Islamic bank in terms of assets.

“We are extremely proud to be making history through our role as one of the lead advisors on this transformational cross-border transaction,” said SICO CEO Najla Al-Shirawi. “With a well established reputation and proven capabilities in seamlessly executing some of the region’s most high-profile and complex deals which include structuring, underwriting, and executing public and private equity capital transactions, we welcome this opportunity to utilize our expertise on such an important deal that will create new value and regional opportunities for the merged entity.”

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