Manama: AlMabarrah AlKhalifia has announced signing an agreement with SICO to provide an Accounting and Finance scholarship in The Bangor University graduate program at the Bahrain Institute of Banking and Finance (BIBF). This agreement comes in line with the Foundation’s efforts to support Bahraini Youth and enhancing available opportunities for them to fulfill their varied academic dreams at top educational institutions across the Kingdom through the Rayaat Scholarship Program. SICO, one of the leading regional asset manager, broker and investment bank, has a growing track-record of achievements stretched over two decades.

The signing ceremony took place on Tuesday 18th February 2020 in AlMabarrah AlKhalifia Foundation in Riffa, in the presence of H.H. Shaikha Nayla bint Hamad bin Ebrahim AlKhalifa Vice Chairperson from AlMabarrah AlKhalifia Foundation and Najla Al Shirawi Chief Executive Officer from SICO, as well as other officials from both entities.

Commenting on the occasion, Her Highness Shaikha Zain bint Khalid Al Khalifa, Chairman of the Board of Trustees of AlMabarrah AlKhalifia Foundation, said: “We would like to thank SICO for their belief in our vision and providing the necessary support to add this scholarship to our existing Rayaat Scholarship Program offering. We look forward to receiving more support from the private sector in order to enhance our programs and support our new direction to provide scholarships in needed and highly sought-after majors in the labor market in top universities across the Kingdom and abroad, as well as supporting the Foundation’s pursuits in empowering Bahrain’s Youth and allowing them to become main contributors in the Kingdom’s development.”

Najla Al Shirawi, Chief Executive Officer of Bahrain-based SICO said,

“Enabling young Bahrainis with academic opportunities to develop their leadership skills and enhance their career prospects is a key priority under SICO’s corporate social responsibility mandate. We are honored to support AlMabarrah AlKhalifia Foundation's mission to provide Bahrainis with the opportunity to study at prestigious and renowned higher education institutions.”

It is worth mentioning that this is the first time the Rayaat program introduces the scholarship for the undergraduate program in Accounting and Finance at BIBF which will be provided for the academic year 2020-2021, as it will cover all educational and registration fees. Registration for the scholarship will start from March 17th until March 23rd  2020, those who wish to register must obtain an acceptance letter from the university and then fill out the registration form on the Foundation’s website .

The Rayaat Scholarship Program was launched in 2011; it follows a comprehensive approach to the education and personal development of Bahraini Youth by providing them with scholarships at accredited universities in the Kingdom, in addition to other training opportunities in the public and private sectors.

For providing support and inquiries, please contact AlMabarrah AlKhalifia Foundation via phone: 17499909 or email:


About AlMabarrah AlKhalifia Foundation:

Established on May 30, 2011, AlMabarrah AlKhalifia (“MKF”) is a non-profit foundation registered and licensed by the Ministry of Labour and Social Development and is run by an independent council of secretaries with a long standing experience in community service. MKF aims to empower Bahraini youth to succeed through launching comprehensive programmes. Its vision aims to create dynamic and active members in society with a focus on achieving educational excellence.

Through aligning the foundation’s vision with the Bahrain 2030 vision, MKF is committed to enriching Bahrain’s education sector through specialized programs that target Bahraini youth while providing them with practical experiences and instilling social responsibility in them.

About SICO:

SICO is a leading regional asset manager, broker and investment bank with more than USD 2.1 bn in assets under management (AUM). Today SICO operates under a wholesale banking licence from the Central Bank of Bahrain and also oversees three wholly owned subsidiaries: an Abu Dhabi-based brokerage firm, SICO Financial Brokerage and a specialised regional custody house, SICO Fund Services Company (SFS), and a Saudi-based asset management provider, SICO Financial Saudi Company (under formation). Headquartered in the Kingdom of Bahrain with a growing regional and international presence, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial solutions including asset management, brokerage, investment banking, and market making backed by a robust and experienced research team that provides regional insight and analysis of more than 90 percent of the GCC’s major equities.

Since inception in 1995 SICO has consistently outperformed the market and developed a solid base of institutional clients. Going forward, the Bank’s continued growth will be guided by its commitments to strong corporate governance and developing trusting relationships with its clients. The Bank will also continue to invest in its information technology capabilities and the human capital of its 100 exceptional employees.

© Press Release 2020

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