SICO Successfully Completes Acquisition of Saudi-based Investment Bank Muscat Capital

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 completed the transaction to acquire a majority stake amounting to 72.7% in the Saudi-based Muscat Capital, a wholly owned subsidiary of Bank Muscat after obtaining all relevant approvals.

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