SICO Capital Appoints Hashem Alsada as Head Equities Asset Management

Published January 21st, 2026 - 07:32 GMT

SICO Capital Appoints Hashem Alsada as Head Equities Asset Management

SICO Capital, a leading provider of asset management, brokerage, and investment banking services in Riyadh and licensed by the Saudi Capital Market Authority (License No. 08096-37), announced today the appointment of Hashem Alsada as its new Head of Equities Asset Management, based in Riyadh.

Mr. Al Sada brings more than 12 years of experience across the financial sector, including nearly eight years with SICO BSC in Bahrain, where he served as a Portfolio Manager within the Asset Management department. During his tenure, he developed deep expertise in equity investment management, portfolio construction, and market research, contributing to the growth and performance of managed portfolios.

In his new role, Mr. Alsada will be based in Riyadh, where he will lead SICO Capital’s equities asset management platform, working closely with clients and investment teams across the Kingdom.

He holds a Certificate in Quantitative Finance (CQF) and a Master of Science in Finance (MSF) from DePaul University, reflecting a strong combination of institutional investment experience and advanced quantitative capabilities that support the development of innovative investment solutions.

Commenting on the appointment, Wissam Haddad, Chief Executive Officer of SICO Capital, said: “We are pleased to appoint Hashem as Head of Equities Asset Management. His extensive experience within the SICO Group, strong investment discipline, and deep understanding of equity markets position him well to lead our equities platform as we continue to strengthen our asset management capabilities and support our clients’ participation in the Kingdom’s evolving capital markets.”

Hashem Al Sada added: “I am honored to take on this role at SICO Capital. The firm has a long-standing reputation for excellence and disciplined investing, and I look forward to building on its strong investment foundation, enhancing our equity strategies, and working closely with this talented team to drive the continued growth of the asset management platform in line with client objectives and the investment opportunities in Saudi Arabia and the region.”

Background Information

SICO

SICO is a leading regional asset manager, broker, market maker, and investment bank with USD 4.5 billion in gross assets under management (AUM) and USD 4.1 billion in net AUM. Today, SICO operates under a wholesale banking license from the Central Bank of Bahrain and oversees two wholly-owned subsidiaries, an Abu Dhabi-based brokerage firm, SICO Financial Brokerage, and a specialized regional custody and fund administration house, SICO Fund Services Company (SFS), as well as a majorityowned, full-fledged capital markets services firm, SICO Capital, based in Saudi Arabia (KSA).

Headquartered in the Kingdom of Bahrain with a growing regional presence in three countries, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial solutions, including asset management, brokerage, market making, investment banking, advisory, treasury, and custody and fund administration, backed by a robust and experienced research team that provides regional insight and analysis of more than 90% of the region’s major equities.