, licensed by the Central Bank of Bahrain as a conventional wholesale bank, and Benefit Company, the kingdom's conduit for all electronic financial transactions, have announced that retail investors will soon have seamless trading access to the Bahrain Bourse through the state-of-the-art sicolive online platform.
It also reflects SICO
's deep expertise in providing customised solutions with exceptional reliability and scalability to all our clients," Najla Al Shirawi, Chief Executive Officer of SICO
According to SICO
, the net profit in 2010, however, dropped to BD488,000 from BD3.785m plus the basic earnings per share declined to 1.145 fils than earlier year s 8.9 fils.
has consistently operated on a 'fortress balance sheet' basis, protecting clients' and shareholders' assets.
"This is a significant development in the expansion of Sico
in Western Canada," said Claude Brosseau, vice president sales and marketing of Sico
Inc., a wholly-owned subsidiary of Akzo Nobel.
maintained a strong financial position with a robust capital base, reporting total shareholders' equity as of end-December 2018 of BD55.7m (2017: BD59.8m), of which retained earnings accounted for BD9.6m (2017: BD8m).
The company, established in 2004 as a wholly-owned subsidiary of SICO
, has grown into a leading regional provider of fund administration solutions.
According to the agreement, SICO
will be able to perform all functions related to Market Making at Bahrain Bourse.
Launched in April 2013 as the first of its kind to be managed by a Bahrain-based bank, the Sico
Fixed Income Fund actively invests in government and corporate fixed income, sukuk, repo, money market instruments, and other fixed income-related instruments.
has posted a profit for each quarter to date in 2010, with only one loss-making month in May, when international and regional equity and fixed income markets posted their worst monthly performance for over a year.
believes the increasing number of funds being rated by independent institutions such as Standard & Poor's is helping to grow the regional asset management industry.
"Consumers today are increasingly sensitive to the environment, with a stronger passion for preservation and recycling than ever before, and this is reflected in their choice of paint colors," said Dominique Pepin, senior brand manager of Sico
and a chairholder of the international color forecaster Color Marketing Group.