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SICO BSC (c), a leading regional asset manager, broker and investment bank (licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”), announced today that indications thus far show positive investor appetite for Bahrain’s BHD 11.880 mn APM Terminals Bahrain IPO which opened for subscriptions on November 8th.
As the mandated lead manager, underwriter, market maker and participating broker for the APM Terminals Bahrain IPO, SICO has been hands-on managing and structuring the transaction that is poised to become one of the most successful IPO’s to hit the Bahrain Bourse in almost a decade. With its finger on the pulse of investment sentiment, the investment banking team at SICO is encouraged by the fact that both institutional and retail investors are keen on taking part in a public offering that is not only attractively priced, but also plays a key role in the development of Bahrain’s non-oil economy.
“I was very pleased to see applications processed from day one of the IPO through all the various channels available including the four mandated brokers, participating AUB branches as well as through the Bahrain Bourse’s recently-launched eIPO Platform,” said Wissam Haddad, Head of Investment Banking and Real Estate at SICO.
“Our meetings and discussions with potential investors from Bahrain and a number of other countries have also been very reassuring and we look forward to closing with a fully-subscribed offering,” he added.
The offer period for the APM Terminals Bahrain IPO will close on November 24th with the start of trading on the Bahrain Bourse scheduled to begin on December 9th.
The awarding of this IPO mandate to SICO is a testament to the Bank’s solid 23-year track record as the most active advisor on a wide range of services including IPOs, capital increases, REITs, and bond issuances. It is also an affirmation of SICO’s unmatched ability to provide a basket of complimentary services including investment banking, asset management, brokerage, research and market making. As the only comprehensive investment house in Bahrain SICO has been able to consistently capture and seamlessly execute some of the highest profile IPOs on the Bahrain Bourse during the past two decades.
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About SICO
SICO is a leading regional asset manager, broker, and investment bank, with more than USD 1.9 bn in assets under management (AUM). Today SICO operates under a wholesale banking licence from the Central Bank of Bahrain and also oversees two wholly owned subsidiaries: an Abu Dhabi-based brokerage firm, SICO Financial Brokerage and a specialised regional custody house, SICO Fund Services Company (SFS). 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 region’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.
Media Contact:
Ms. Nadeen Oweis
Head of Corporate Communications, SICO
Direct Tel: (+973) 1751 5017
Email: noweis@sicobank.com
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