SICO authorized sponsor in BIM

Manama : Bahrain Bourse (BHB) has appointed Securities and Investment Company (SICO) as an authorized sponsor in Bahrain Investment Market (BIM), an innovative equity market for growth companies in Bahrain and the wider MENA region.

The agreement to this effect was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al Khalifa and the Chief Executive Officer of SICO, Najla Al-Shirawi yesterday. 

The agreement with SICO has added one more key partner to the cornerstone of support that BIM offers businesses and enterprise investors looking to establish and grow their presence in the region. 

In addition to access to capital, listed companies will benefit from specialized advisory services in multiple sectors and the implementation of globally accepted standards for financial auditing and reporting statements as mandated by the BIM.  

Authorized Sponsors play an integral advisory role to all new clients in ensuring all pre-listing requirements and post-listing documentation and disclosures are continuously met.

On this occasion, the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al Khalifa said, “Bahrain Investment Market which offers new and innovative financing options and solutions, will drive private sector growth and support the developments in the Kingdom of Bahrain as well as the region to attract more foreign investments.”

“Our partnership with SICO, with its experience in the local and GCC markets, will support and enhance the value of the Bourse within an easy and efficient system,” Shaikh Khalifa added.