SICO Capital Increase Paid-Up Capital to SAR 100 Million

Press release

Published December 2nd, 2025 - 02:32 GMT

SICO Capital Increase Paid-Up Capital to SAR 100 Million

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 that it has completed the increase in its paid-up capital from SAR 60 million to SAR 100 million in the second quarter of 2025. This milestone reflects the company’s strong financial position and its long-term commitment to the Saudi market.

The increased equity reinforces SICO Capital’s expanding business activities, with investments in client-facing technology, and attracting top-tier talent. These strategic initiatives are designed to elevate client experience and reinforce the company’s role as a key player in the Kingdom’s financial sector.

Wissam Haddad, CEO of SICO Capital, said, “This capital increase marks a new chapter for SICO Capital. It reflects our commitment to the vibrant Saudi market and our long-term vision for growth in the Kingdom. We are investing in the future, building stronger systems, expanding our teams and business lines, and enhancing our capabilities to better serve our clients and partners.”

SICO Capital remains dedicated to supporting the Kingdom’s Vision 2030 objectives by fostering innovation, driving sustainable growth, and delivering exceptional value to clients across the Saudi market.

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.