MANAMA: SICO has been named the ‘Best Investment Bank in Bahrain’ at the 2021 Global Finance World’s Best Investment Banks awards for the second consecutive year.
“This recognition by Global Finance is a great honour that attests to the capabilities of our exceptionally talented team whose hard work and dedication have allowed our clients to continue to regard us as Bahrain’s gateway to capital markets,” said SICO chief executive Najla Al Shirawi.
“Our investment banking division had an extremely successful year, in spite of challenging market conditions, which saw them take the lead on a number of important deals including the acquisition of Bahrain Islamic Bank by NBB as well as plans to launch a full suite of on-ground services in Saudi Arabia through our acquisition of Muscat Capital.”
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.
“With widespread expectations of consolidation in multiple sectors and all around the world, investment banks will play a leading role in reshaping the world economy post- pandemic. In the Middle East and Bahrain, SICO played a key role in Bahrain’s recent merger and acquisition transactions in 2020 and is poised for critical roles in future consolidation across the region,” said Global Finance publisher and editorial director Joseph D. Giarraputo.
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