News

Six Bahraini students for SICO’S summer internship programme

sico — Tue, 12 Aug 2008 08:38:22 -0500

Securities & Investment Company (SICO), the Bahrain based regionally focused investment bank, is mentoring six Bahraini students for its annual Summer Internship Programme. The six students, all from Bahrain University will undertake an intensive summer training programme at the regional investment bank.

The full press release in English & Arabic can be downlaoded here .

SICO Initiates Oman Report

sico — Wed, 6 Aug 2008 00:00:00 -0500

Securities & Investment Company (SICO) has released a detailed report on Oman’s banking sector, initiating coverage on the five leading banks in the country. Bank Muscat and Ahli Bank were rated as “Over-weight” presenting upsides of 30% and 26% respectively from the current market prices. However, coverage of National Bank of Oman (NBO), Oman International Bank and Bank Dhofar was initiated with a “Neutral” rating.

The report is available in the Research section on www.sicobahrain.com

To read the entire press release in English, please click here.
The Arabic version is available here.

SICO Annonces 61% Increase in Half Year Profits

sico — Wed, 30 Jul 2008 02:58:19 -0500

Bahrain-based Securities & Investment Company (SICO) today announced a net profit of BD5.758 million for the first half of this year, an increase of 61 percent when compared to 2007's second quarter profits of BD3.581.

To read the full press release in English, click here.
To read the full press release in Arabic, click here.
To view the financials in Arabic, click here.

SICO initiates coverage on SAFCO with an “Over-Weight” rating

sico — Sat, 19 Jul 2008 01:25:16 -0500

Securities & Investment Company (SICO) has released a detailed report initiating coverage on Saudi Arabian Fertilizers Company (SAFCO), the largest fertilizer company in Saudi Arabia, with an “Over-weight” rating and a fair value target of SAR 289.30 per share providing an upside of 17% to its current market price of SAR 247.00 per share.

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

SICO's Funds Deliver Strong Performance During First Half of 2008

sico — Tue, 15 Jul 2008 01:03:50 -0500

Securities & Investment Company (SICO), the Bahrain based regionally focused investment bank, today announced first half of 2008 performance results for its GCC equity funds, which have outperformed market indices. SICO’s funds generated strong positive returns to their investors during the year though most of the regional markets continue to face pressure with the overall GCC market losing 9.4% during the year, with Saudi Arabia , down 15.3%, leading the losses.

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

SICO initiates coverage on Nass Corporation with an “Over-Weight” rating

sico — Wed, 9 Jul 2008 01:26:28 -0500

Securities & Investment Company (SICO) has released a detailed report initiating coverage on Nass Corporation, a vertically integrated contracting company in Bahrain, with an “Over-weight” rating and a fair value of BHD 0.638 per share presenting an upside of 42% to its current market price of BHD 0.450 per share

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

SICO initiates coverage on Ithmaar Bank with an “Over-Weight” stance

sico — Sun, 22 Jun 2008 08:43:10 -0500

Securities & Investment Company (SICO) has released a detailed report initiating coverage on Ithmaar Bank , a wholesale banking group offering 360 degree financial services , with an “Over-weight” rating and target price of US$0.92/share (presenting a 33% upside to its current market price of US$0.69/share).

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

SICO sponsors the 2nd Annual Middle East and North Africa Investment Conference

sico — Thu, 12 Jun 2008 03:05:45 -0500

SICO announced today its sponsorship for the 2nd Annual Middle East and North Africa Investment Conference in New York .The conference is organized by The New York Society of Security Analysts (NYSSA), a leading forum for the investment community since 1937.

Since NYSSA’s inaugural MENA Investment Conference in June 2007, economic growth in the region has continued to climb and U.S. interest in investment has taken off.

SICO will speak about the Opportunities for Investing in G.C.C. Equities.

For more information please click here .

SICO presentation can be downloaded here.

Khaleeji Commercial Bank to Start Trading on June 12, 2008

sico — Mon, 9 Jun 2008 02:34:37 -0500

Khaleeji Commercial Bank (“KHCB”), one of Bahrain’s leading Islamic banks, announced that its shares will be listed on the Bahrain Stock Exchange (BSE) and would commence trading on Thursday, 12th June, 2008. The Bank is currently under conversion from a closed shareholding company to a public joint stock company. Securities and Investment Company B.S.C(C) is the Listing Advisor on the KHCB Primary Listing.

Download Press Release here.
Download Main Announcement (English) here.
Download Main Announcement (Arabic) here.
Download Information Memorandum (English) here.
Download Information Memorandum (Arabic) here .
Download Articles of Association here.
Download Memorandum of Association here.

SICO number one broker for 9 years in a row

sico — Mon, 2 Jun 2008 07:34:47 -0500

Securities & Investment Company (SICO), the Bahrain based securities house announced today that it has continued its lead as the most active broker on the Bahrain Stock Exchange (BSE) by value of turnover. SICO has maintained it’s ranking as number one broker for the 9th consecutive year.

The firm’s market share by value of all trades on the BSE for 2007 amounted to BD 191 million (USD 506.7 million) representing 48.7 percent of total turnover value. The overall value of transactions amounted to BD 392 million (USD 1.042 Billion).

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