Forbes Middle East

21. SICO BSC

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CEO: Najla Al Shirawi Country: Bahrain Establishe­d in: 1995

AUM: $2.3 billion

SICO is one of the leading regional fully-fledged asset managers, brokers, market makers, and investment banks. It recorded more than $4 billion in assets under management in April 2021. In March 2021, SICO completed the acquisitio­n of 72.7% of Saudi-based Muscat Capital, worth $14.6 million, which will be rebranded as SICO Capital. Najla Al Shirawi has been with SICO for more than 24 years and became CEO in 2014. She is also a board member at the Bahrain Economic Developmen­t Board and the Bahrain Institute of Banking and Finance.

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