Manama, Bahrain – May 25^th, 2011:  Bahrain-based Securities & Investment Company (SICO) announced today that it had been granted a conventional wholesale banking license from the Central Bank of Bahrain on May 24^th. SICO had previously an investment banking license and which had been granted in 1997.

The very robust requirements of the licensing regime, including a high capital base and strict adherence to regulations and governance, positions SICO well in its growth path, primarily by giving the firm additional flexibility in servicing its customers, while further giving it the ability to manage the balance sheet more optimally.

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