Manama, Kingdom of Bahrain – March 23^rd,2009 - Securities & Investment Company (SICO), the Bahrain-based regionally-focused investment bank, held its Annual General Meeting (AGM) and Extra -ordinary General Meeting (EGM), on Monday March 23, 2009 at the Golden Tulip Hotel  with 95% quorum. Shareholders discussed and approved the board’s report on the bank’s activities for 2008, as well as the auditors’ report and financial results for the year.

In the EGM, shareholders reiterated their approval of the increase of the issued capital from BD 42,345,798.600 to BD 42,419,709 divided into 424,197,090 shares with each share having a nominal value of BD0.100 (100 fils). This increase of capital represents the issue of 739,104 new shares allocated to the Employee Share Option program (ESOP).

the full press release in Englsih & Arabic can be downloaded here .