Bassam Abdulaziz Noor Appointed as New Chief Executive Officer of SICO Capital in Saudi Arabia
31/12/2023
SICO, a leading GCC asset manager, investment bank, and brokerage with direct presence in
Bahrain, KSA, and UAE is pleased to announce the appointment of Mr. Bassam Abdulaziz Noor as
the new Chief Executive Officer (CEO) of its fully owned subsidiary, SICO Capital Company in Saudi
Arabia, effective 1 January, 2024.
Bassam brings more than 20 years of experience in investment and management regionally and
globally. Prior to joining SICO Capital, Bassam was the Chief Investment Officer for Alternative
Investments at Derayah Financial and significantly contributed to increasing AUMs for alternative
investments. He also held prominent roles in local and regional firms such as Alrajhi United, Arcapita
Bank, and Gulf International Bank. Bassam holds a double bachelor’s degree with honors in Finance
and Management Information System from University of South Florida and is a CFA charterholder.
“SICO Capital established a strong foundation in the previous years and is now entering a growth
phase with an aim to enhance its position as a top asset manager and capital market entity. We are
therefore very excited that Bassam is joining as new CEO to lead our activities in the Kingdom. His
extensive strategic and business experience coupled with local market expertise, make him an
excellent fit to lead SICO capital’s growth plans,” said Mr. Hassan Abdullah AlShuaiby, Chairman
of the Board of SICO Capital.
“I am honored 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,” said Mr. Bassam
Abdulaziz Noor, Chief Executive Officer of SICO Capital.
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