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Sico, a conventional wholesale bank, has reported a net profit attributable to shareholders of BD3.6 million ($9.4 million) for 2022 full-year (FY), a 44% drop compared to BD6.4 million recorded in 2021.
Sico Capital, a financial services firm based in Riyadh (licensed by the CMA), has announced the launch of its comprehensive securities services business line, offering a full range of custody and fund services.
Sico, a leading regional asset manager, broker, market maker and investment bank, has acquired the remaining 27.29% stake held by Bank Muscat in Sico Capital worth BD1.9 million ($5.04 million).
Bahrain-based Sico, a leading regional asset manager, said it has signed an agreement with Bank Muscat to acquire the remaining 27.3% stake in Sico Capital, a Saudi-based capital markets services provider. Bank Muscat currently owns 10.3% stake in Sico.
Sico, a leading asset manager, broker and investment bank in Bahrain, has reported a BD6.4 million ($17 million) net profit for FY 2021, thus registering a 116% year-on-year growth. Its comprehensive income too rose significantly with a 142% growth.