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AlAbraaj Restaurants Group, a leading player in Bahrain’s F&B sector, has appointed SICO as the lead manager for its upcoming initial public offering (IPO). The IPO is expected to be launched before the end of the year on the main market of the Bahrain Bourse.
Founded in 1987, AlAbraaj operates 15 brands across 37 physical locations and 22 virtual branches, employing around 1,200 individuals. The company is expanding its footprint both domestically and regionally, with plans to open new concepts in Bahrain and enter the Saudi Arabian market.
SICO, a regional asset manager, broker, and investment bank, will leverage its expertise to support AlAbraaj’s transition to a public company. The IPO is expected to enhance AlAbraaj’s brand visibility, operational scale, and financial capabilities.
Najla Al Shirawi, group chief executive of SICO, stated, “We are pleased to be at the helm of AlAbraaj Restaurant Group’s IPO as they embark on this exciting journey. AlAbraaj is a brand that embodies the entrepreneurial spirit and innovation that Bahrain is known for, and this IPO represents a new opportunity to invest in the kingdom’s expanding F&B industries, potentially contributing to increased trading and liquidity on the Bahrain Bourse.”
Hamad Rashed Isa, chairman of AlAbraaj Restaurants Group, commented, “This IPO will enable us to build on our strong foundation, bring our restaurant concepts to new markets, and pave the way for future growth.”
Wissam Haddad, group head of investment banking at SICO, added, “AlAbraaj’s IPO will also benefit from our new eIPO platform, aligning with SICO’s vision to provide sophisticated digital solutions that cater to evolving market needs.”
More information about the IPO will be announced in due course.
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