SICO set to delist funds from Bahrain Bourse

MANAMA: SICO will be delisting four of its funds from Bahrain Bourse with effect from June 8, 2021.

In a bourse filing, the company said it has obtained all the necessary consents and regulatory approvals to delist Khaleej Equity Fund, SICO Kingdom Equity Fund, SICO Gulf Equity Fund and SICO Fixed Income Fund.

“We would like to assure you that the [delisting] would not impact the unitholder in terms of current reporting standards of compliance with the regulatory requirements applicable for the fund,” the asset manager, broker and investment bank told its unitholders.

Subscriptions and redemptions of the fund’s units will continue to be effected in accordance with the respective prospectus of the funds, it said.

SICO did not provide any reasons for the delisting.

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