MANAMA: SICO has been recognised as the ‘Best Investment Bank in Bahrain’ at the 2022 Global Finance World’s Best Investment Banks awards.
This marks the third consecutive year that SICO has won the award.
“We are honoured to be recognised by Global Finance for this award, which serves as a testament to the capabilities of our exceptionally talented team, who have allowed us to maintain our status as Bahrain’s gateway to capital markets,” said SICO chief executive Najla Al Shirawi.
“This past year, our investment banking division continued to deliver successfully on their mandates, as recovery was witnessed on both the global and regional scale.”
In 2021, SICO Investment Banking was the receiving and delisting agent for Investcorp on their delisting from the Bahrain Bourse.
The team also continued to deliver on their advisory mandate for Mumtalakat Holding Company on the potential merger of their wholly-owned subsidiary, General Poultry Company and Delmon Poultry Company, in addition to advisory for a private technical university, and a building company, among others.
Additionally, SICO also executed the acquisition of a majority stake in Muscat Capital in Saudi Arabia by way of a share swap, with SICO swapping treasury shares for the stake in Muscat Capital, which has since been rebranded to SICO Capital following the acquisition.
Global Finance award winners are selected based on a number of criteria, including market share, number and size of deals, level of service and advice offered to clients, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings and market reputation.
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