June 23, 2017 2:59 PM ET

Capital Markets

Company Overview of Securities and Investment Company BSC(c)

Company Overview

Securities and Investment Company BSC(c), together with its subsidiaries, provides investment banking solutions in the Kingdom of Bahrain and internationally. It offers brokerage, market making, treasury, equity and fixed income asset management, corporate finance, and custody and fund administration services. The company was founded in 1995 and is headquartered in Manama, the Kingdom of Bahrain.

BMB Building

First Floor

Diplomatic Area

Manama,  

Bahrain

Founded in 1995

95 Employees

Phone:

973 1751 5000

Fax:

973 1751 4000

Key Executives for Securities and Investment Company BSC(c)

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Compensation as of Fiscal Year 2016.

Securities and Investment Company BSC(c) Key Developments

SICO Launches MENA-Wide online trading platform

Securities & Investment Company (SICO) announced the launch of a MENA-wide online brokerage trading platform – ’sicolive’. This seamless and secure multi-functional service will enable clients to trade in real time across all the region’s key markets from a single account that can be managed through their desktop computers, laptops and mobile devices. SICO’s brokerage services cover equities, bonds and Sukuk trading; with a physical presence in the United Arab Emirates through its Abu Dhabi-based subsidiary, SICO UAE, it provides access to the Dubai Financial Market (DFM), Nasdaq Dubai and Abu Dhabi Stock Exchange (ADX). Additional services are offered out of Bahrain, where SICO has been the broker on the Bahrain Bourse for the past 18 years, include single account brokerage services across the GCC and other MENA markets, margin trading facilities for equities, and repurchase agreements (repos) for fixed income.

Securities and Investment Company BSC(c) Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Securities and Investment Company BSC(c) announced consolidated earnings results for the first quarter ended March 31, 2017. The company reported that net profit for the first quarter of 2017 increased to BHD 1.32 million compared with BHD 30,000 for the corresponding period in 2016. With higher revenues being generated by all business lines, operating income grew by 121% to BHD 2.90 million from BHD 1.31 million a year earlier. Earnings per share were 3.07 fils compared with 0.07 fils for the first three months of 2016. Net investment income was BHD 1,218,000 compared to negative net investment income of BHD 68,000 a year ago. Total income was BHD 2,901,000 against BHD 1,313,000 a year ago. Net cash from operating activities was BHD 724,000 compared with BHD 7,418,000 a year ago. Net capital expenditure on furniture and equipment was BHD 79,000 compared with BHD 34,000 a year ago.

Securities and Investment Company BSC(c) Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016

Securities and Investment Company BSC(c) announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported net investment income of BHD 2,474,000 compared to BHD 2,532,000 a year ago. Net fee and commission income was BHD 2,634,000 compared to BHD 3,602,000 a year ago. Total income was BHD 7,888,000 compared to BHD 8,422,000 a year ago. Profit for the year was BHD 2,345,000 or BHD 5.47 per basic and diluted per share compared to BHD 2,846,000 or BHD 6.64 per basic and diluted per share a year ago. Net cash from operating activities were BHD 18,517,000 compared to BHD 9,000 a year ago. Net capital expenditure on furniture and equipment were BHD 284,000 compared to BHD 213,000 a year ago.

Similar Private Companies By Industry

Company Name Region
Addax Bank B.S.C. (c) Middle East/Africa
Bahrain Stock Exchange Middle East/Africa
Bank Alkhair B.S.C. Middle East/Africa
Capital Union E.C.C. Middle East/Africa
Financial Assets Mena W.L.L. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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