Agreement to boost agricultural investment and food security
SICO, a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, recently announced the signing of a Letter of Intent with the Dubai-headquartered Arab Authority for Agricultural Investment and Development (AAAID).
SICO will act as the financial advisor to support AAAID’s strategic initiatives by identifying and sourcing direct investment opportunities within the agricultural and food security sectors.
“Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future,” assured Najla Al Shirawi, Group CEO, SICO.
Collaboration
“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,” explained HE. Dr. Obaid Al Zaabi, Chairman, AAAID.
Through this collaboration, SICO will provide acquisition advisory services, including due diligence, valuations, and transaction structuring and execution support. Additionally, SICO will assist in capital-raising activities for AAAID’s invested companies and explore joint venture opportunities.
The partnership will emphasize promoting sustainable agricultural practices and enhancing food security resilience across the region, a press statement concluded.
