SICO BSC (c), a leading regional asset manager, broker, market maker, and investment bank (licensed as a wholesale bank by the CBB), announced today the appointment of Abdulla Ahmed Kamal as its new Chairman of the Board of Directors effective immediately, during the board meeting held on Monday, April 10, 2023. The move follows the resignation of Shaikh Abdullah bin Khalifa Al Khalifa, who leaves his post after being appointed to a new role as the CEO of Bahrain Mumtalakat Holding Company, as per the royal directives of His Royal Highness Prince Salman bin Hamad Al Khalifa.

SICO’s new Chairman, Abdulla Ahmed Kamal, has been a Director on SICO’s Board of Directors since 2020, representing Social Insurance organization. He brings a wealth of knowledge and expertise to his new role including more than 20 years of experience in investment operations, audit, business risk consultancy, and corporate governance, having held several senior leadership positions at well-established companies throughout his career. He currently serves as Chief Operating Officer of Osool Asset Management BSC (c) and as a Board Director for Bahrain Car Parks Company (Amakin) BSC., and Amlak Real Estate Company.

“It is an honor to be appointed as SICO’s new Chairman of the Board and I truly look forward to working with the board and management team to build on the bank's strong foundation and drive growth in the years to come,” said Abdulla Ahmed Kamal.

The Board of Directors expressed their sincere gratitude to Shaikh Abdullah for his leadership and guidance during his 12 years tenure as the Chairman. His contributions and efforts have been invaluable to the business, and the board wished him the best of luck in his new role.

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About SICO 

SICO is a leading regional asset manager, broker, market maker and investment bank, with USD 4.8 bn in assets under management (AUM). Today SICO operates under a wholesale banking licence from the Central Bank of Bahrain and oversees three wholly owned subsidiaries: an Abu Dhabi-based brokerage firm, SICO Financial Brokerage, a specialised regional custody house, SICO Fund Services Company (SFS), and SICO Capital, a Saudi-based investment banking company. Headquartered in the Kingdom of Bahrain with a growing regional and international presence, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial solutions, including asset management, brokerage, investment banking, and market making, backed by a robust and experienced research team that provides regional insight and analysis of more than 90 percent of the region’s major equities. Since inception in 1995, SICO has consistently outperformed the market and developed a solid base of institutional clients. Going forward, the bank’s continued growth will be guided by its commitments to strong corporate governance and developing trusting relationships with its clients. The bank will also continue to invest in its information technology capabilities and the human capital of its 100 exceptional employees.

Media Contact:
Ms. Nadeen Oweis
Head of Corporate Communications, SICO
Email: noweis@sicobank.com