Rashad Iskandrni
SICO Capital, a leading provider of asset
management, brokerage, investment banking and fund services in Riyadh and
licensed by the Saudi Capital Market Authority, has appointed Ali AlFaraj as
Head of Information Technology, effective 25 October 2026.
The appointment reflects SICO Capital’s
continued investment in its technology and operating platforms. Mr. AlFaraj
will oversee the firm’s infrastructure, business systems, technology
implementations, and client platforms, with a focus on operational resilience
and regulatory alignment.
A specialist in technology governance and
implementation, Mr. AlFaraj has more than 12 years of experience in the banking
and capital markets sectors across the GCC. Most recently, he was Head of
Information Technology and Administration at GIB Capital, where he built the
company’s IT function and led the launch of its brokerage and electronic
trading platforms. He holds a Bachelor of Science in Computer Science from the
University of Bahrain, as well as relevant professional certifications.
“Technology is central to our ability to grow
and deliver an increasingly seamless experience for our clients,” said Wissam
Haddad, Chief Executive Officer of SICO Capital. “Ali brings extensive
experience in technology leadership and the implementation of client-facing
platforms within the financial sector. We are continuing to invest in our
technology in Saudi Arabia with new and ongoing implementations including our
order and asset management systems, client relationship management (CRM), and
artificial intelligence platforms.”
Ali AlFaraj commented, “Technology plays a
vital role in how SICO Capital serves its clients and continues to strengthen
its presence in the Saudi market. I look forward to working alongside the team
to further advance our technology infrastructure and digital capabilities,
while upholding rigorous standards of reliability, security, and service
excellence. It is a privilege to contribute to SICO Capital’s continued growth
as the Kingdom’s financial sector evolves under Vision 2030.”
– Ends –
كن أول من يشارك رأيه
ابدأ النقاش حول هذه القصة.