SICO ventured into the real estate asset class in 2016. Across its public held real estate funds, SICO leverages its reputation for deploying prudent investment strategies that are anchored by the Bank’s solid governance framework.
Eskan Bank REIT
In 2016, SICO opened for public subscription the USD 50 million Eskan Bank REIT, the first of its kind listed on the Bahrain Bourse. The Shariah-compliant Eskan Bank REIT invests in properties in Bahrain, with REIT’s higher-than-average returns highlighting the trust’s potential for delivering attractive yields to investors through an alternative asset class with built-in regulatory safeguards.
SICO US Real Estate Fund
The real estate business’s first foray into the international market came in 2017 with the launch of a private, US-focused, USD 55 million real estate income-generating fund. SICO will invest in residential apartment buildings across the US, seeking a diversified asset-class and a high-quality tenant pool capable of generating sustainable returns to investors. Across both its public and privately held real estate funds, SICO leverages its reputation for deploying prudent investment strategies that are anchored by the Bank’s solid governance framework.