http://www.sicobahrain.com/news/ News Midgard Components Framework - de.linkm.newsticker Securities & Investment Company Announces Net Profit Of Bd 1.351 Million For The First Quarter 2012 http://www.sicobahrain.com/news/The First Quarter 2012.html http://www.sicobahrain.com/news/The First Quarter 2012.html Sun, 13 May 2012 11:10:12 +0300 sico Manama, Bahrain – May 9th , 2012: Bahrain-based Securities & Investment Company (SICO) announced today a net profit of BD 1.351 million (USDLRS 3.6 million) for the first quarter of 2012 compared to a loss of BD 627,000 (USDLRS 1.7 million) for the same period of the previous year. Net interest income during the first quarter of 2012 increased to BD 309 thousand (Q1 2011: BD 232 thousand), while fee and commission income declined to BD 548 thousand (Q1 2011: BD 565 thousand). Brokerage and other income fell to BD 168 thousand (Q1 2011: BD 316 thousand). Net Investment income stood at BD 1.527 million versus a loss of BD 654 thousand in the first quarter of 2011. The full press release in English & Arabic can be downloaded here The Financial information can be downloaded here The press advertisement in English can be downloaded here The presss advertisement in Arabic can be downloaded here Manama, Bahrain – May 9th , 2012: Bahrain-based Securities & Investment Company (SICO) announced today a net profit of BD 1.351 million (USDLRS 3.6 million) for the first quarter of 2012 compared to a loss of BD 627,000 (USDLRS 1.7 million) for the same period of the previous year.

Net interest income during the first quarter of 2012 increased to BD 309 thousand (Q1 2011: BD 232 thousand), while fee and commission income declined to BD 548 thousand (Q1 2011: BD 565 thousand). Brokerage and other income fell to BD 168 thousand (Q1 2011: BD 316 thousand). Net Investment income stood at BD 1.527 million versus a loss of BD 654 thousand in the first quarter of 2011.

The full press release in English & Arabic can be downloaded here

The Financial information can be downloaded here

The press advertisement in English can be downloaded here

The presss advertisement in Arabic can be downloaded here
]]> SICO Concludes AGM http://www.sicobahrain.com/news/SICO Concludes AGM.html http://www.sicobahrain.com/news/SICO Concludes AGM.html Mon, 26 Mar 2012 17:51:42 +0300 sico Manama, Kingdom of Bahrain – March 26th, 2012 - Securities & Investment Company (SICO), the Bahrain-based regionally-focused investment bank, held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM), on Monday March 26th, 2012 at the Crowne Plaza Hotel. There was a quorum of 90.33%. Shareholders approved the board’s report on the bank’s activities for 2011, as well as the auditors’ report and audited financial results. SICO reported a net profit of BD 488 thousand for the year ending December 31, 2011 compared to BD3.783 million for year-end 2010. The full press release in English & Arabic can be downloaded here
Shareholders approved the board’s report on the bank’s activities for 2011, as well as the auditors’ report and audited financial results. SICO reported a net profit of BD 488 thousand for the year ending December 31, 2011 compared to BD3.783 million for year-end 2010.

The full press release in English & Arabic can be downloaded here

]]> Securities & Investment Company announces 2011 financial results. “Profitability maintained in a year considerably more testing than expected” http://www.sicobahrain.com/news/Securities & Investment Company announces 2011 financial results.html http://www.sicobahrain.com/news/Securities & Investment Company announces 2011 financial results.html Wed, 29 Feb 2012 10:37:34 +0300 sico Manama, Kingdom of Bahrain, 28 February 2012: Bahrain-based regional investment bank, Securities & Investment Company (SICO), announced today its financial results for the year ending 31 December 2011. Operating income for 2011 was BD 4.63 million compared with BD 7.85 million for the previous year; while net profit declined to BD 488 thousand from BD 3.785 million in 2010. Basic earnings per share fell to fils 1.145 versus fils 8.9 in 2010. The full press release in English & Arabic can be downloaded here The Financial information for the year ended 31 December 2011 can be downloaded here The press advertisement in English can be downloaded here The presss advertisement in Arabic can be downloaded here Manama, Kingdom of Bahrain, 28 February 2012: Bahrain-based regional investment bank, Securities & Investment Company (SICO), announced today its financial results for the year ending 31 December 2011.

Operating income for 2011 was BD 4.63 million compared with BD 7.85 million for the previous year; while net profit declined to BD 488 thousand from BD 3.785 million in 2010. Basic earnings per share fell to fils 1.145 versus fils 8.9 in 2010.

The full press release in English & Arabic can be downloaded here

The Financial information for the year ended 31 December 2011 can be downloaded here

The press advertisement in English can be downloaded here

The presss advertisement in Arabic can be downloaded here
]]> SICO FUNDS CONTINUE TO OUTPERFORM THE MARKET IN 2011 http://www.sicobahrain.com/news/SICO FUNDS CONTINUE TO OUTPERFORM THE MARKET IN 2011.html http://www.sicobahrain.com/news/SICO FUNDS CONTINUE TO OUTPERFORM THE MARKET IN 2011.html Tue, 7 Feb 2012 17:01:34 +0300 sico SICO Arab Financial Fund upgraded to ‘AA’ and new SICO Kingdom Equity Fund rated ‘A’ by Standard & Poor’s Khaleej Equity Fund & Gulf Equity Fund  retain their ‘AA’ rating by Standard & Poor’s Khaleej Equity Fund wins second Lipper Award Manama, Kingdom of Bahrain, 7 February 2012: Securities & Investment Company (SICO) updated today performance results for 2011 for its six regional equity and money market funds. Despite unprecedented volatility and global economic turbulence during the year, SICO’s funds continued to outperform their peers and respective benchmarks. The full press release in English & Arabic can be downloaded here.
SICO Arab Financial Fund upgraded to ‘AA’ and new SICO
Kingdom Equity Fund rated ‘A’ by Standard & Poor’s

Khaleej Equity Fund & Gulf Equity Fund
 retain their ‘AA’ rating by Standard & Poor’s

Khaleej Equity Fund wins second Lipper Award

Manama, Kingdom of Bahrain, 7 February 2012: Securities & Investment Company (SICO) updated today performance results for 2011 for its six regional equity and money market funds. Despite unprecedented volatility and global economic turbulence during the year, SICO’s funds continued to outperform their peers and respective benchmarks.

The full press release in English & Arabic can be downloaded here.]]> Interview with CNBC Arabia :2012 outlook http://www.sicobahrain.com/news/Interview with CNBC Arabia 2012 outlook.html http://www.sicobahrain.com/news/Interview with CNBC Arabia 2012 outlook.html Wed, 1 Feb 2012 13:11:33 +0300 sico
]]> SICO appoints new Chairman of the Board http://www.sicobahrain.com/news/SICO appoints new Chairman of the Board.html http://www.sicobahrain.com/news/SICO appoints new Chairman of the Board.html Wed, 21 Dec 2011 10:08:52 +0300 sico Manama, Bahrain, 20 December 2011, Bahrain based Securities & Investment Company announced today, after its board meeting of November 13th, the appointment of Shaikh Abdulla bin Khalifa Al-Khalifa, as the new chairman of the bank’s board of directors. Shaikh Abdulla represents the Social Insurance Organization, and has been a board member since November 2011. He replaces SICO’s former chairman, Shaikh Mohammed bin Isa Al Khalifa and who retired from the board in September 2011 . Shaikh Abdulla is the Assistant Director – Investment Directorate of the Social Insurance Organisation (SIO).Prior to joining SIO in 2006, he was the Head of Wealth Management at Standard Chartered Bank for Bahrain. He started his career in 2001 at Arab Banking Corporation in Bahrain, where he rose to the position of Senior Relationship Manager. He is Chairman of Seef Properties; and a Board Member of BBK, BFC Holdings Limited, Bahrain International Golf Course, and Naseej. Shaikh Abdulla holds a BSc degree in Business Administration from the George Washington University, Washington DC, USA. He has also completed various training courses. The Board of Directors would like to warmly welcome Shaikh Abdulla whose diverse knowledge and experience should greatly benefit SICO. Securities & Investment Company is a wholesale bank offering a selective range of investment banking services, including asset management, brokerage, corporate finance and market-making, on a regional basis and with a particular emphasis on Bahrain.Through its wholly owned subsidiary, SICO Fund Services Company (SFS), SICO also provides custody and fund administration services. The full press release in English & Arabic can be downloaded here
Shaikh Abdulla represents the Social Insurance Organization, and has been a board member since November 2011. He replaces SICO’s former chairman, Shaikh Mohammed bin Isa Al Khalifa and who retired from the board in September 2011 .

Shaikh Abdulla is the Assistant Director – Investment Directorate of the Social Insurance Organisation (SIO).Prior to joining SIO in 2006, he was the Head of Wealth Management at Standard Chartered Bank for Bahrain. He started his career in 2001 at Arab Banking Corporation in Bahrain, where he rose to the position of Senior Relationship Manager.

He is Chairman of Seef Properties; and a Board Member of BBK, BFC Holdings Limited, Bahrain International Golf Course, and Naseej.

Shaikh Abdulla holds a BSc degree in Business Administration from the George Washington University, Washington DC, USA. He has also completed various training courses.

The Board of Directors would like to warmly welcome Shaikh Abdulla whose diverse knowledge and experience should greatly benefit SICO.

Securities & Investment Company is a wholesale bank offering a selective range of investment banking services, including asset management, brokerage, corporate finance and market-making, on a regional basis and with a particular emphasis on Bahrain.Through its wholly owned subsidiary, SICO Fund Services Company (SFS), SICO also provides custody and fund administration services.

The full press release in English & Arabic can be downloaded here

]]> SICO ANNOUNCES THIRD QUARTER RESULTS FOR 2011 http://www.sicobahrain.com/news/SICO ANNOUNCES THIRD QUARTER RESULTS FOR 2011.html http://www.sicobahrain.com/news/SICO ANNOUNCES THIRD QUARTER RESULTS FOR 2011.html Mon, 14 Nov 2011 12:27:36 +0300 sico Manama, Kingdom of Bahrain, 13 November 2011: Bahrain-based Securities & Investment Company (SICO) announced today its financial results for the third quarter of 2011 and the first nine months of the year. Operating income for the third quarter was BD 93 thousand compared with BD 1.71 million for the corresponding period in 2010, while net earnings were negative BD 863 thousand (2010: positive BD 743 thousand), with basic earnings per share of negative 2.03 Bahraini fils (2010:positive 1.75 fils). For the first nine months, operating income was BD 2.8 million (2010: BD 5.2 million), with negative net earnings of BD 364 thousand (2010: positive BD 2.3 million) and basic earnings per share of negative 0.85 Bahraini fils (2010: positive 5.36 fils). As at 30 September 2011, total balance sheet footings increased to BD 96.9 million from BD 81.2 million at the end of 2010. At the end of the third quarter of 2011, Assets under Management remained healthy at BD 181.152 million, while Assets under Custody with SICO’s wholly-owned subsidiary SICO Funds Services Company were BD 913.200 million. The full press release in English & Arabic can be downloaded here The Interim financial statement can be downloaded here The press advertisement in English can be downloaded here The press advertisement in Arabic can be downloaded here Manama, Kingdom of Bahrain, 13 November 2011: Bahrain-based Securities & Investment Company (SICO) announced today its financial results for the third quarter of 2011 and the first nine months of the year.

Operating income for the third quarter was BD 93 thousand compared with BD 1.71 million for the corresponding period in 2010, while net earnings were negative BD 863 thousand (2010: positive BD 743 thousand), with basic earnings per share of negative 2.03 Bahraini fils (2010:positive 1.75 fils). For the first nine months, operating income was BD 2.8 million (2010: BD 5.2 million), with negative net earnings of BD 364 thousand (2010: positive BD 2.3 million) and basic earnings per share of negative 0.85 Bahraini fils (2010: positive 5.36 fils). As at 30 September 2011, total balance sheet footings increased to BD 96.9 million from BD 81.2 million at the end of 2010. At the end of the third quarter of 2011, Assets under Management remained healthy at BD 181.152 million, while Assets under Custody with SICO’s wholly-owned subsidiary SICO Funds Services Company were BD 913.200 million.

The full press release in English & Arabic can be downloaded here

The Interim financial statement can be downloaded here

The press advertisement in English can be downloaded here

The press advertisement in Arabic can be downloaded here ]]> CHAIRMAN OF SICO STEPS DOWN AFTER 12 YEARS’ TENURE http://www.sicobahrain.com/news/CHAIRMAN OF SICO STEPS DOWN AFTER 12 YEARS’ TENURE.html http://www.sicobahrain.com/news/CHAIRMAN OF SICO STEPS DOWN AFTER 12 YEARS’ TENURE.html Wed, 5 Oct 2011 09:38:56 +0300 sico Manama, Kingdom of Bahrain, 4 October 2011: Bahrain-based Securities & Investment Company (SICO) announced today the retirement of Sheikh Mohammed bin Isa Al Khalifa from the Bank’s Board of Directors. He has been a Director since 1996, and Chairman of the Board from 1999. Sheikh Mohammed represented Social Insurance Organisation (SIO) on SICO’s board and with his new assignment as Batelco Group CEO, he will be replaced by another member of the SIO. The full press release in English & Arabic can be downloaded here.
The full press release in English & Arabic can be downloaded here.]]> SECURITIES & INVESTMENT COMPANY ANNOUNCES SECOND QUARTER PROFITS. Net profit of BD 1.127 million for second quarter 2011 http://www.sicobahrain.com/news/SECURITIES & INVESTMENT COMPANY ANNOUNCES SECOND QUARTER PROFITS.html http://www.sicobahrain.com/news/SECURITIES & INVESTMENT COMPANY ANNOUNCES SECOND QUARTER PROFITS.html Sun, 14 Aug 2011 09:18:58 +0300 sico Manama, Bahrain, 13 August 2011: Bahrain-based Securities & Investment Company (SICO) announced today a net profit of BD 1.127 million for the second quarter of 2011, compared to a loss of BD 627 thousand for the first quarter of 2011. Net profit for the corresponding period of 2010 was BD 252 thousand. The bank also announced that its net profit for the first six months of 2011 was BD499 thousand, compared to BD 1.532 million for the first half of 2010. The full press release in English & Arabic can be downloaded here Second Quarter Financial Result
The full press release in English & Arabic can be downloaded here

Second Quarter Financial Result ]]> SICO: Bahrain market’s performance does not reflect the Kingdom’s economic performance http://www.sicobahrain.com/news/SICO: Bahrain market’s performance does not reflect the Kingdom’s economic performance.html http://www.sicobahrain.com/news/SICO: Bahrain market’s performance does not reflect the Kingdom’s economic performance.html Sun, 7 Aug 2011 10:03:00 +0300 sico Manama 7 August 2011 – Securities & Investment Company (SICO) prepared a note on the performance of the Bahrain Bourse stating that Bahrain markets followed the broader GCC equity markets’ negatively biased volatile trend, as regional political developments, the US and Euro-zone debt concerns outweighed GCC companies’ strong half-yearly results. Bahrain’s benchmark index is down 10% during the year while S&P’s GCC index has lost 6.2% during the same period. The full press release in English & Arabic can be downloaded here
The full press release in English & Arabic can be downloaded here ]]>