SICO retains top broker status on Bahrain Bourse

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, informed yesterday that it had retained its status as the leading broker on the Bahrain Bourse (BHB) for the 17th consecutive year.

During 2015, SICO handled 4,651 transactions on the BHB involving 269.7 million shares with a total value of BD 71.2 million, constituting a leading market share of 32.4 pc. Through its focus on serving active institutional investors with large trading books, SICO continued to be the preferred broker for large trades, and executed most of the major deals on the Bourse during the year. 

This included managing the purchase of 25.6 million ordinary shares of Takaful International Company in two tranches, equivalent to 41 per cent of the company’s outstanding shares.

Commenting on SICO’s brokerage achievements, Najla M. Al Shirawi, Securities and Investment Company’s CEO, said: “In our 20th anniversary year, we are delighted to have maintained our leading position on the Bahrain Bourse. As an increasing number of local, regional and foreign investors seek to access Gulf stock exchanges; SICO is ideally equipped with the right team, skills and knowledge to advise clients on investment opportunities in such challenging market conditions. SICO continues to offer investors access to listed investment opportunities throughout the GCC, where we have also undertaken some of the largest trades in regional markets.”