Sico Capital

What Sico Capital does

SICO Capital is a Saudi Arabia-domiciled, Riyadh-headquartered full-service investment banking firm operating as a wholly owned subsidiary of SICO BSC (c) under Capital Market Authority (CMA) license No. 08096-37. The firm operates across four pillars: asset management (six investment funds including the SICO Capital Money Market Fund, SICO MENA Equity Fund, SICO Kingdom Equity Fund, and the recently launched SICO GCC Dividends Fund, plus discretionary portfolio management and direct placement); brokerage (equity trading, margin lending, equity research, and the SICO Live Capital online trading platform); investment banking (corporate valuation, private placements, debt advisory, M&A advisory, corporate restructuring, divestitures, and Shariah-compliant advisory including Ijara, Mudaraba, Musharaka, and Wakala Sukuk structuring); and client services, primarily custody for listed and unlisted securities.

The firm serves two principal customer segments: institutional investors (family offices, investment funds, sovereign wealth funds, corporations) with a SAR 10 million minimum investment threshold, and retail investors with a SAR 10,000 minimum threshold plus online onboarding capability. Its revenue model spans subscription/recurring asset management fees, transaction-based brokerage commissions, professional services investment banking advisory fees, and managed services custody fees. Geographic coverage spans all six GCC markets (Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, and Oman). Tech infrastructure includes the SICO Live Capital web/mobile trading platform for real-time pricing, charts, and market analysis; described core investment methodology combines quantitative screening with fundamental analysis, with no disclosed AI/ML or API/SDK capabilities.

The firm was founded in 2021 specifically as the KSA operating subsidiary of the parent group (parent formed in the broader GCC). It must maintain regulatory disclosures and announces material fund-board changes through the Saudi Exchange, reflecting ongoing governance oversight. Note: a firmographic field lists a 1985 founding date for the broader SICO brand, conflicting with the 2021 date attributed to the subsidiary entity itself; the description reflects the more specific source grounding the subsidiary in 2021.

Name

Sico Capital

Legal name

SICO Capital

Website

https://sicocapital.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

SICO Capital is a Riyadh-headquartered, CMA-licensed (No. 08096-37) full-service investment bank and wholly owned subsidiary of SICO BSC (c) offering asset management, brokerage, investment banking, and custody services to institutional and retail investors across the GCC.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)

SIC

Investors, Nec (6799)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Investment banking services
• Asset management
• Equity brokerage
• Custody services
• Sharia-compliant advisory

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Revenue generated from managing investment funds including public funds (money market, equity funds) and private funds, charging management fees on assets under management.
2. Brokerage Commissions: Trading fees and commissions earned from executing equity trades, margin lending services, and providing access to Saudi and regional markets.
3. Investment Banking Advisory: Fees from corporate valuation, M&A advisory, private placements, debt advisory, corporate restructuring, and divestiture services.
4. Custody Services: Fees for holding and safeguarding securities, providing settlement, safekeeping, and reporting services for clients including REITs, private funds, and listed/unlisted assets.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

SICO Capital is a full-service investment banking firm based in Riyadh, Saudi Arabia, providing asset management (public and private funds, discretionary portfolio management), equity brokerage and margin lending, investment banking advisory (M&A, corporate valuation, private placements, debt advisory, restructuring, divestitures, and Sharia-compliant structuring such as sukuk), and custody services for listed and unlisted securities across local, regional, and global markets.

Product overview

Sico Capital is a full-service investment banking firm based in Riyadh, Saudi Arabia, offering a comprehensive range of financial services through a platform-plus-services model. The company's product portfolio includes four public investment funds: the SICO GCC Dividends Fund (open-ended equity fund targeting dividend-paying GCC equities), the SICO MENA Equity Fund (Class A and B), the SICO Capital Money Market Fund, and the SICO Kingdom Equity Fund. Complementing the fund products are four core service divisions: Asset Management (discretionary portfolio management and direct placement), Brokerage (equity trading, margin lending, and equity research through the SICO Live Capital platform), Investment Banking (corporate valuation, M&A advisory, debt and equity advisory, private placements, restructuring, and divestitures including Sharia-compliant structuring for sukuk), and Client Services (custody services for listed and unlisted securities across local, regional, and global markets). The company is licensed by the Capital Market Authority (CMA) and serves both institutional and retail investors in Saudi Arabia and the broader GCC region.

Differentiator

Problem solved

Functional benefit

Products and services

• SICO Capital Money Market Fund

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Albilad CapitalcoreOthersAlbilad Capital has been appointed as the custodian for the SICO GCC Dividends Fund. As custodian, Albilad Capital is responsible for holding and safeguarding the fund's securities, providing settlement, safekeeping, and reporting services.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• SNB Capital: Saudi Arabia's largest CMA-licensed investment bank with asset management, brokerage, IB advisory, and custody — closely overlapping SICO Capital's product suite and institutional client focus.
• Al Rajhi Capital: Saudi investment bank affiliated with Al Rajhi Bank, offering brokerage, asset management (including Sharia-compliant funds) and IB advisory — direct competitor to SICO Capital in Saudi equity brokerage and mutual funds.
• Jadwa Investment: Riyadh-based, CMA-licensed investment bank and asset manager providing brokerage, IB advisory, and fund management in Saudi Arabia — directly comparable mid-sized peer to SICO Capital.
• Riyad Capital: Riyadh-headquartered, CMA-licensed full-service investment bank offering asset management, brokerage, investment banking, and custody in Saudi Arabia — directly comparable to SICO Capital across the same four service lines and target customers.
• Derayah Financial: CMA-licensed Saudi financial services firm offering brokerage, asset management, and investment advisory — comparable mid-sized peer competing for retail and institutional investors in Saudi Arabia.
• Alinma Investment: Saudi Sharia-focused investment subsidiary of Alinma Bank, offering asset management, brokerage, and IB advisory — competes with SICO Capital particularly in Islamic-compliant funds and advisory mandates.

Regional players

• SHUAA Capital: UAE-headquartered financial services firm with asset management, investment banking, and brokerage across the GCC — comparable offerings but primarily serves UAE rather than Saudi Arabia.
• Emirates NBD Securities: UAE brokerage and investment arm of Emirates NBD providing equities trading, research, and margin financing — overlaps SICO Capital's brokerage division but focused on UAE markets.
• Gulf International Bank (GIB): Bahrain-headquartered GCC wholesale bank with investment banking, asset management, and capital markets capabilities — comparable regional peer in GCC investment banking and advisory.
• KAMCO Investment: Kuwait-based investment bank with asset management, brokerage, and IB advisory across MENA — competing peer in GCC equities and fund management but operating primarily out of Kuwait.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SICOBANK

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sico Capital