Sico, a leading regional asset manager, broker, and investment bank, has maintained its position as the Number One Broker on the Bahrain Bourse (BHB) for the 24th consecutive year, with a market share of 50.89%.

 

Sico executed 15,649 transactions during 2022, involving 488.6 million shares, with a total value of BD172.8 million ($458.51 million), while capturing the bulk of block trades during the year. 

 

Sico Chief Capital Markets Officer, Fadhel Makhlooq, commented: “In a year of prolonged market uncertainty and high inflationary environment, we are proud that Sico was able to once again secure its long-standing position as the BHB’s number one broker. Our exceptional team of brokerage professionals and experts work alongside clients as trusted partners, dedicated to enabling them to attain investment objectives that cater to their specific preferences and risk profiles. Instrumental in this success have been our extensive and high-quality in-house research capabilities, which is trusted by our clients and investors in the regional markets.” 

 

Several milestones

“Sico Brokerage successfully achieved several milestones during a highly challenging year for markets around the world. Our team managed to further engage existing clients and grow our customer base through the launch of new features and functionalities for our online platform, and the expansion of our presence geographically through our subsidiaries, Sico Capital in Saudi Arabia and Sico Financial Brokerage in Abu Dhabi. 

 

“We will continue to grow our value proposition and expand our offerings across our business lines to maintain our position as the undisputed leader on the Bahrain Bourse,” said Sico Head of Brokerage, Mariam Isa. 

 

Sico LIVE

Sico’s online trading platform, Sico LIVE, was revamped in 2022 to introduce new functions and a more seamless trading experience for users. The new and improved platform now includes online onboarding, offering clients a simplified digital onboarding experience and account authentication process. 

 

Throughout 2022, Sico’s brokerage division was recognised by a number of prestigious organisations and awards programmes, including:

•Bahrain’s Broker of the Year 2022 ---- Global Investor Group Mena Awards

•Best Broker in Bahrain 2022 ---- Arab Federation of Capital Markets (AFCM)-- TradeArabia News Service