SICO Capital, a number one supplier of asset administration, brokerage, and funding banking providers in Riyadh and licensed by the Saudi Capital Market Authority (License No. 08096-37), introduced at this time that it has accomplished the rise in its paid-up capital from SAR 60 million to SAR 100 million within the second quarter of 2025. This milestone displays the corporate’s sturdy monetary place and its long-term dedication to the Saudi market.
The elevated fairness reinforces SICO Capital’s increasing enterprise actions, with investments in client-facing expertise, and attracting top-tier expertise. These strategic initiatives are designed to raise shopper expertise and reinforce the corporate’s function as a key participant within the Kingdom’s monetary sector.
Wissam Haddad, CEO of SICO Capital, mentioned, “This capital enhance marks a brand new chapter for SICO Capital. It displays our dedication to the colourful Saudi market and our long-term imaginative and prescient for progress within the Kingdom. We’re investing sooner or later, constructing stronger techniques, increasing our groups and enterprise strains, and enhancing our capabilities to higher serve our shoppers and companions.”
SICO Capital stays devoted to supporting the Kingdom’s Imaginative and prescient 2030 targets by fostering innovation, driving sustainable progress, and delivering distinctive worth to shoppers throughout the Saudi market.