Date: 02 Jun, 2025
Location: Dubai - UAE
The Arab Authority for Agricultural Investment and Development (AAAID) signed a letter of intent on June 1, 2025, with SICO BSC (c), the leading regional bank in asset management, brokerage, and investment banking services, which has a direct presence in Bahrain, Saudi Arabia, and the United Arab Emirates. SICO will act as a financial advisor to AAAID to support its strategic initiatives by identifying direct investment opportunities in the agriculture and food security sector.
The primary objective of signing this Letter of Intent is to support AAAID’s goals within the Arab and GCC region, with a particular emphasis on Bahrain and Saudi Arabia. This will be achieved by collaborating on projects for AAAID, facilitating investment through equity and/or debt financing opportunities, and engaging in business development activities.
Dr. Obaid Al Zaabi, Chairman of the Board of AAAID, stated, “This collaboration aligns with our strategic vision to enhance our capabilities, enabling us to equip our projects with the necessary tools and information to achieve our ambitious goals and aspirations. 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.”
Najla Al Shirawi, Group CEO of SICO, said, “We are thrilled to announce our strategic collaboration with AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising, and joint ventures, we aim to drive value and promote sustainable growth within the agriculture sector. Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future.”
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.
