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 recently appointed as issue execution advisor, receiving agent, and allotment agent in the proposed voluntary acquisition of Bahrain Islamic Bank(BISB) by National Bank of Bahrain (NBB). It is set to be one of Bahrain’s largest transactions to date and comes amid a raft of mergers and acquisitions throughout the banking sector in the GCC as banks look to cost savings, synergies, and efficiencies.
“We are very pleased to be working with two of the most prominent banks in Bahrain such as NBB and BISB and to have been named advisor on this transaction. It speaks volumes to our track record as lead advisor on key transactions and our provision of guidance on valuation, equities and debt issues ,optimal capital structures, distribution policy, liquidity, and restructuring deals with an ever-growing roster of seamlessly executed high-profile transactions,” said SICO CEO , Najla Al Shirawi
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