Bahrain-based regional investment bank Securities & Investment Company (SICO) has received final approval from the Emirates Securities & Commodities Authority (ESCA) for its new UAE brokerage firm to commence operations.
Located in Abu Dhabi, Securities & Investment Company United Arab Emirates (SICO UAE) will execute trades for its institutional and high net worth clients on the three principal stock exchanges, the ADX, DFM and Nasdaq Dubai.
The official go-ahead follows ESCA's regulatory approval of SICO UAE's key personnel and inspection of the company's new premises at Al Wahda Commercial Tower in Abu Dhabi, and its supporting IT and operating infrastructure.
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