SICO BSC, the Bahrain-based regional asset manager and investment bank, has appointed Yousif Bucheeri as Group Deputy Chief Executive Officer for Sell Side business, effective May 13, 2026. The appointment strengthens SICO's leadership as it seeks to expand investment banking and advisory operations across the Gulf region.
In his new role, Bucheeri will oversee SICO's investment banking, real estate and alternative investments advisory, research, and brokerage operations across Bahrain, the UAE, and Saudi Arabia. SICO Group Chief Executive Najla Al-Shirawi said in a statement that Bucheeri's addition represents a meaningful step in strengthening the group's leadership team and diversifying the services offered to clients. She noted that his regional experience in real estate, alternative investments, and financial services aligns with SICO's long-term strategic direction. Bucheeri said he was honored to join at a critical growth stage for the firm, citing SICO's strong regional reputation.
Bucheeri brings more than 15 years of experience in alternative investments and financial services across the GCC. His prior roles spanned the financial services and real estate sectors, where he led initiatives in investment management, transaction execution, and business development. According to professional records, he has held positions at Gulf International Bank, Khaleeji Commercial Bank, Edamah, Amlak SIO, and Al Salam Bank. Most recently he served as Chief Executive Officer at Bareeq Al Retaj, a Bahrain-based real estate development company. He holds a Bachelor of Science degree from the University of Bahrain.
SICO operates under a wholesale banking license from Bahrain's central bank and manages approximately USD 8.3 billion in assets under management. Founded in 1995 and headquartered in Manama, the firm has grown into a major regional player in asset management, brokerage, market making, and investment banking, with subsidiaries in the UAE and Saudi Arabia. Recent financial results show mixed performance; SICO reported net profit of BD 5.5 million (USD 14.6 million) for the full year 2025, unchanged from 2024. First-quarter 2026 results reflected challenges from regional geopolitical developments, with total comprehensive income declining 99 percent year-on-year. Despite headwinds, SICO maintains a 58 percent market share in Bahrain brokerage and has been the most active market maker for 28 consecutive years.
The appointment signals SICO's focus on strengthening its sell-side capabilities at a time when regional capital markets face uncertainty. Bucheeri's track record in real estate and alternative assets directly aligns with SICO's stated priority of expanding advisory services in these areas. The company has recently executed landmark transactions including the Silah Gulf Company IPO and has applied to launch a new dividend fund in Saudi Arabia. By elevating a deputy CEO specifically for sell-side operations, SICO appears to be building leadership depth as it pursues geographic and product expansion across the GCC.
