SICO, a leading asset manager, broker, and investment bank in the MENA region, has been awarded the esteemed title of Best MENA Fixed Income Fund Strategy at the Bonds, Loans & Sukuk Middle East Awards 2023. The recognition highlights SICO’s outstanding Sovereign & Quasi Sovereign Fixed Income Strategy.
Najla Al-Shirawi, CEO of SICO, expressed her gratitude for the award, stating, “We are honored to receive this prestigious accolade, which acknowledges our position as a leader in the asset management industry and recognizes the excellence of our flagship strategy. Our success is a testament to the dedication and expertise of our team, who consistently deliver exceptional results for our clients, even in challenging market conditions. We appreciate the trust our clients place in us and remain committed to providing innovative and expert solutions. This achievement reflects our team’s pride, and we will continue to strive for surpassing our clients’ investment objectives. With our strong presence in Bahrain, the UAE, and Saudi Arabia, we are well-positioned to serve our clients and capitalize on opportunities in the GCC region.”
Ali Marshad, Head of Fixed Income at SICO, highlighted the consistent success of their fixed income strategies, stating, “Our fixed income strategies have consistently achieved exceptional results, consistently ranking in the top quartile against their respective benchmarks. Our flagship SICO Fixed Income Fund outperformed its benchmark by 6.9% in 2022, while our GIPS Compliant Sukuk Strategy has consistently outperformed regional peers over one, three, and five-year periods, delivering a total net return of 23.23% over the last five years.”
The Bonds, Loans & Sukuk Middle East Awards have been recognizing the most innovative and groundbreaking deals in the Middle East since 2014. These awards celebrate the outstanding performance of financial institutions and professionals who have demonstrated excellence in various categories. SICO Asset Management was honored for its exceptional work and commitment to providing exceptional fixed income strategies in the MENA region.
Alex Johnson, CEO of GFC Media Group, congratulated SICO on their well-deserved recognition, stating, “Their dedication to delivering excellent fixed income strategies in the MENA region is commendable. This award is a testament to their expertise, innovation, and commitment to excellence in serving their clients.”
SICO’s assets under management (AUM) witnessed a 5% increase, reaching USD 5 billion by the end of the first quarter of 2023. This growth can be attributed to the introduction of new offerings and services that have strengthened their position in the market.
With this award and their continued commitment to delivering exceptional results, SICO reinforces its position as a leading player in the asset management industry in the MENA region.
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SICO’s recognition as the Best MENA Fixed Income Fund Strategy underscores its commitment to excellence and its ability to navigate the ever-changing financial landscape. The company’s dedication to delivering exceptional results and providing innovative solutions has positioned it as a trusted partner for clients seeking optimal investment opportunities in the region.
The award-winning strategy reflects SICO’s expertise in fixed income investments, particularly in the MENA region. With a track record of consistently outperforming benchmarks and delivering strong returns, SICO has established itself as a go-to asset manager for investors seeking reliable and lucrative fixed income options.
In addition to its outstanding performance, SICO’s commitment to adhering to the highest industry standards has been instrumental in its success. The company’s adherence to the Global Investment Performance Standards (GIPS) ensures transparency, accuracy, and integrity in reporting investment performance, providing clients with a clear and reliable view of their investments.
SICO’s achievements extend beyond the award-winning strategy. The company’s continuous growth in assets under management is a testament to its ability to attract and retain clients through its comprehensive suite of offerings. By introducing new services and expanding its product portfolio, SICO has positioned itself to meet the evolving needs of its clients and capture new opportunities in the market.
