SICO BSC (c) has successfully acquired the remaining 27.29% stake in SICO Capital from Bank Muscat, thus obtaining full ownership of the Saudi capital markets service provider.

Target Information

SICO BSC (c) has successfully completed the acquisition of the remaining 27.29% stake in SICO Capital from Bank Muscat. This acquisition marks a significant milestone for SICO BSC (c), affirming its commitment to enhancing its portfolio of capital market services. SICO Capital, based in Saudi Arabia, offers a full range of investment solutions catering to both individual and institutional investors, thus positioning itself as a comprehensive capital markets services provider in the region.

With this acquisition, SICO BSC (c) now holds 100% ownership of SICO Capital, allowing for greater operational control and the ability to leverage SICO Capital's extensive expertise in the Saudi financial markets. The strategic move is expected to bolster SICO’s market presence and optimize service offerings in a rapidly evolving industry.

Industry Overview

The capital markets industry in Saudi Arabia has been experiencing robust growth, driven by the Vision 2030 initiative, which aims to diversify the economy and reduce its dependency on oil. Significant investments have been mad