Saudi Arabia-based financial services company licensed by the Capital Market Authority (CMA), SICO Capital has launched its comprehensive securities services business line, offering a full range of custody and fund services to customers.
The new offerings are tailor-made to meet the evolving needs of a diverse local and global client base of both emerging and established players, capitalizing on the flourishing asset management business in Saudi Arabia.
This move will further diversify the firm’s robust spectrum of capital market activities, according to the company statement.
“SICO Capital’s securities services, in addition to pre- and post-trade execution solutions, will include more value-added services for asset managers, such as middle office and performance analytics for public and private funds covering all asset classes, both liquid and illiquid,” the company added.
The investor services offered will include unit holder dealing, investment manager factsheets, along with bespoke front-to-back-office reporting.
Mr. Fadhel Makhlooq, Managing Director and Acting CEO of SICO Capital, said that, “With this exciting introduction of our new securities services in Saudi Arabia, in collaboration with top-notch global providers of custody and funds service systems, we have made significant investments in terms of high caliber people and cutting-edge technology solutions to ensure that our service offerings set new standards in asset servicing arena.”
“Enhanced services through our integrated broker custody model bring our investor closure to market deadlines while reducing operational risks. With our holistic fund services offering and middle office outsourcing solutions, such as performance analytics, we can provide timely and quality data analytics for both the managers and investors,” commented Mr. Francis Dassou, Chief Securities Business Officer of SICO Capital.