MANAMA, Nov. 2 -- SICO BSC (c), a leading regional asset manager, broker, market maker and investment bank (licensed as a wholesale bank by the CBB), announced today that its Saudi subsidiary, SICO Financial Saudi Company (under formation) has received a license from the Saudi Capital Markets Authority (CMA) to manage private non-real-estate investment funds and sophisticated investor portfolios in the Kingdom of Saudi Arabia.
The announcement marks the SICO Asset Management Division's first entry into a market outside Bahrain and stands as a major milestone towards the full execution of the bank's regional expansion strategy.
"Our regional expansion strategy began in the UAE with SICO Financial Brokerage in Abu Dhabi and now we are proud...