The Middle East’s 30 Biggest Asset Managers 2021

Rank: 21


Country: Bahrain

CEO: Najla Al Shirawi

Date of Establishment: 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.