March 02, 2015 2:29 PM ET

Capital Markets

Company Overview of Securities and Investment Company BSC(c)

Company Overview

Securities and Investment Company BSC(c) is an investment bank. The firm provides brokerage, market making, treasury, asset management, corporate finance, and investment research services. It operates as a broker and enables its clients to execute transactions in the GCC and other regional markets through its network of brokers. The firm’s asset management segment focuses on managing assets in the GCC capital markets for regional financial institutions, pension funds, investment companies, and insurance companies that have investments in various funds and portfolios. Its corporate finance segment advises and manages public and private issuances of equity and debt capital; mergers and acquisi...

BMB Building

First Floor

Diplomatic Area

Manama,  

Bahrain

Founded in 1995

Phone:

973 1751 5000

Fax:

973 1751 4000

Key Executives for Securities and Investment Company BSC(c)

Chief Executive Officer, Chairman of Restricted Management Committee, Chairman of Assets, Liabilities & Investments Committee, Chairman of Internal Control Committee and Chairman of Asset Management Committee
Chief Operating Officer, Member of Restricted Management Committee, Member of Assets, Liabilities and Investments Committee, Member of Internal Control Committee and Member of Asset Management Committee
Head of Asset Management, Member of Restricted Management Committee, and Member of Asset Management Committee
Head of Brokerage, Member of Restricted Management Committee, Member of Assets, Liabilities & Investments Committee, and Member of Asset Management Committee
Head of Information Technology
Compensation as of Fiscal Year 2014.

Securities and Investment Company BSC(c) Key Developments

Securities and Investment Company Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Securities and Investment Company reported earnings results for the fourth quarter and year ended December 31, 2014. Net investment income and net interest income remained largely unchanged from last year at BHD 3.9 million and BHD 1.4 million, respectively. This demonstrates the proactive and prudent management of the proprietary book, which enabled SICO to respond successfully to the market volatility in 2014. Total operating income for the final quarter of 2014 was BHD 671,000 compared to BHD 3.5 million for the corresponding period in 2013. Net consolidated loss for the fourth quarter of 2014, which includes provisions for impairment of BHD 366,000, was BHD 1.4 million compared with BHD 1.6 million net profit for the same period in 2013. Net consolidated profit for fiscal year 2014 increased by 11% to BHD 415 million, compared with BHD 4.9 million in 2013; while operating income grew by 16.4% to BHD 12.4 million from BHD 10.6 million the previous year. Basic earnings per share rose to 12.68 fils from 11.4 fils in 2013. Brokerage and other income for the full year increased by 110% to BHD 2.6 million compared with BHD 1.2 million in 2013. This illustrates SICO's success in achieving the desired sustainable growth in brokerage activities, which cover most of the Arab capital markets; as well as its ability to provide clients with corporate finance advisory services. Net fee and commission income grew by 10.7% to BHD 4.4 million compared with BHD 4 million in 2013, reflecting the sustainable growth in assets under management resulting from receiving new client mandates during the year.

Securities and Investment Company BSC(c), Board Meeting, Feb 12, 2015

Securities and Investment Company BSC(c), Board Meeting, Feb 12, 2015. Agenda: To approve the financial results for the period ended Dec. 31, 2014.

Securities & Investment Company Announces Executive Appointments

Securities & Investment Company announced management appointments, Mr. Anantha Narayanan, who joined SICO in 2008 as Head of Internal Audit, takes over as Chief Operating Officer. Mr. Wissam Haddad has been appointed Head of Corporate Finance. He has more than 12 years experience in conventional and Sharia-compliant investment banking in the GCC, with a particular focus on corporate and structured finance, private equity and advisory. He previously worked with regional banks.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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