SICO, a leading regional asset manager, broker, and investment bank, announced today the appointment of Wissam Haddad as Chief Executive Officer (CEO) of its wholly owned subsidiary, SICO Capital, in Riyadh, Saudi Arabia, effective May 5. 

 

SICO has over $7 billion in assets under management and a direct presence in Bahrain, Saudi Arabia, and the UAE.

 

Haddad has over 22 years of experience in investment banking, private equity, real estate and corporate finance. He assumes the position of CEO of SICO Capital following 11 successful years as SICO’s Group Head of Investment Banking, where he played a key role in positioning SICO as the leading investment bank in Bahrain. Under his leadership, the award-winning division multiplied its revenues and deal sizes, executing landmark transactions that include initial public offerings, debt issuances, mergers and acquisitions, strategic offers, multi-asset fund launches, and structuring and managing Real Estate Investment Trusts (REITs).

 

“I am pleased to assume the position of CEO of SICO Capital and to drive our strategy towards becoming one of Saudi Arabia’s preferred independent asset management, brokerage and investment banking firms. The public and private capital markets and financial landscape in Saudi Arabia have been growing dramatically, and we are eager to continue to expand our presence on the ground, offering a full suite of services directly through our dedicated team in Riyadh with robust support from the broader group in Bahrain and the UAE,” said Haddad.

 

The Board of Directors of SICO Capital welcomes Haddad to his new role as CEO and looks forward to his leadership in driving the company's future growth, it said. 

 

SICO Capital is a full-service investment banking firm based in Riyadh and offers a comprehensive range of financial services to individual, institutional, and corporate clients with multiple activities under the Saudi Capital Markets Authority license. - TradeArabia News Service