Bassam Noor appointed as new CEO of SICO Capital in Saudi Arabia

SICO Capital, a prominent GCC asset manager and investment bank, has appointed Mr. Bassam Abdulaziz Noor as the Chief Executive Officer (CEO) of its wholly owned subsidiary, SICO Capital Company in Saudi Arabia. The appointment, effective January 1, 2024, signals a pivotal moment for the company as it charts a growth trajectory in the Kingdom.

With over two decades of experience in investment and management, Bassam Noor previously served as the Chief Investment Officer for Alternative Investments at Derayah Financial, contributing significantly to the growth of alternative investment assets under management (AUMs). His diverse background includes key roles at Alrajhi United, Arcapita Bank, and Gulf International Bank.

Bassam, a CFA charterholder, holds a double bachelor’s degree with honors in Finance and Management Information System from the University of South Florida. His extensive strategic and business acumen, combined with local market expertise, positions him as an ideal leader to steer SICO Capital’s growth initiatives.

Hassan Abdullah AlShuaiby, Chairman of the Board of SICO Capital, expressed enthusiasm about the appointment, stating, “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.”

Bassam Noor shared his optimism about joining SICO Capital, emphasizing his commitment to the company’s growth plans and the development of robust client relations. “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,” said Bassam Abdulaziz Noor.

SICO Capital, headquartered in Riyadh, Saudi Arabia, operates as a full-service investment banking firm with licenses from the Saudi Capital Markets Authority, offering a comprehensive range of financial services to individual, institutional, and corporate clients. The company is strategically positioned to leverage significant investment opportunities aligned with Saudi Arabia’s Vision 2030.