SICO BSC (c), a premier regional asset manager, broker, and investment bank, with presence in Bahrain, Saudi Arabia, and the UAE, has formalized a Letter of Intent with the Arab Authority for Agricultural Investment and Development (AAAID).
Under the collaboration, SICO will serve as the financial advisor to AAAID, supporting its strategic initiatives by helping identify direct investment opportunities within the agricultural and food security sectors.
The Letter of Intent seeks to advance AAAID’s goals within the Arab and GCC region, with a focus on Bahrain and Saudi Arabia. To achieve this, they will collaborate on projects for AAAID, facilitating investment through equity or debt financing opportunities, and engaging in business development activities.
“We are thrilled to announce our strategic collaboration with AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising, and joint ventures, we aim to drive value and promote sustainable growth within the agriculture sector. Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future.”
Dr. Obaid Al Zaabi, Chairman of AAAID, stated that, “This collaboration aligns with our strategic vision to enhance our capabilities, enabling us to equip our projects with the necessary tools and information to achieve our ambitious goals and aspirations. By capitalizing on SICO’s extensive expertise in the industry, we are well-positioned to identify and execute high-impact projects that will drive sustainable growth. Our collaboration will focus on innovative solutions and strategic investments that address the unique challenges of our region.”
As part of this collaboration, SICO will offer acquisition advisory services, such as due diligence, valuations, and transaction structuring and execution support.
Furthermore, SICO will help in capital-raising activities for AAAID’s invested companies and explore joint venture opportunities. The partnership focuses on fostering sustainable agricultural practices while enhancing food security resilience across the region.
