SICO has announced the appointment of Bassam Abdulaziz Noor as the new Chief Executive Officer (CEO) in Saudi Arabia, effective immediately.

The asset management and investment banking firm has a strong presence in Bahrain, KSA, and the UAE, and with Bassam’s appointment, it will further bolster its position in KSA.

Assuming his new role, Bassam brings over 20 years of industry expertise. He was previously with Derayah Financial in the role of Chief Investment Officer for Alternative Investments for over six years. He also held leadership roles at regional investment firms, including AWJ Holdings, Alrajhi United, Arcapita Bank, Abdullah Al Othaim Investment, Reem Investments, Noor Islamic Bank, and Gulf International Bank. He is also a Member of the Investment Company at Maharah Human Resources.

On the academic front, Bassam holds a double Bachelor’s degree with honours in Finance and Management Information Systems from the University of South Florida and is a Certified CFA.

Welcoming Bassam to the leadership board, Hassan Abdullah AlShuaiby, Chairman of the Board of SICO Capital, said, “SICO Capital established a strong foundation in previous years and is now entering a growth phase to enhance its position as a top asset manager and capital market entity. We are, therefore, very excited that Bassam is joining as the new CEO to lead our activities in the Kingdom. His extensive strategic and business experience, coupled with local market expertise, makes him an excellent fit to lead SICO Capital’s growth plans.”

Bassam added, “I am honoured to join SICO Capital and become part of SICO, an established regional asset manager with a long and successful track record in several markets. I look forward to working with the board of directors and the team and am confident in our ability to achieve our growth plans and establish strong relations with our clients. I have complete trust in the company's abilities and resources to leverage significant investment opportunities stemming from Saudi’s Vision 2030.”