Flip through the latest issue of Gulf Weekly.
Securities & Investment Company (Sico), the Bahrain-based securities house announced that it has continued its lead as the most active broker on the Bahrain Stock Exchange (BSE) by value of turnover. Sico has maintained it's ranking as number one broker for the ninth consecutive year.
The firm's market share by value of all trades on the BSE for 2007 amounted to BD191 million ($506.7 million) representing 48.7 per cent of total turnover value. The overall value of transactions amounted to BD392 million ($1.042 billion).
Sico also increased its business with foreign clients, further enhancing its status as the "broker of choice" on the BSE for international fund managers, prime brokers and banks.
Sico has also expanded its brokerage capabilities in the Gulf region complementing the firm's Bahrain leading brokerage activities. During 2007, an upgrade in coverage and service levels contributed to a substantial increase in cross-border activity on behalf of institutional and individual clients in all six GCC stock markets.
Commenting on the achievement, CEO Anthony C Mallis said: "We are pleased with the ongoing achievements of our brokerage unit and our ability to effectively execute trades on behalf of our clientele. Sico offers investors access to listed investment opportunities throughout the GCC, where we have also undertaken some of the largest trades on those markets."
Sico is an investment bank offering a selective range of services, including asset management, brokerage, corporate finance and market-making, on a regional basis and with emphasis on Bahrain.
As of December 31, 2007, Sico reported total assets of BD104.832 million, with shareholders' equity of BD42.106 million. Sico's shares have been listed on the Bahrain Stock Exchange since May 2003.
