SICO Capital has appointed Ali AlFaraj as Head of Information Technology, effective 25 October 2026. The Saudi investment firm will rely on his experience in banking technology to oversee its infrastructure, business systems and client platforms.
The appointment comes as SICO Capital continues to invest in its technology and operating platforms. According to the company, these investments include order and asset management systems, customer relationship management (CRM) and artificial intelligence platforms.
Ali AlFaraj brings GCC banking technology experience
AlFaraj brings more than 12 years of experience in technology leadership across the banking and capital markets sectors in the Gulf Cooperation Council (GCC).
Before joining SICO Capital, he served as Head of Information Technology and Administration at GIB Capital. During his tenure, he built the company’s IT function and led the launch of its brokerage and electronic trading platforms.
AlFaraj holds a Bachelor of Science in Computer Science from the University of Bahrain. He also holds relevant professional certifications, according to SICO Capital’s announcement.
Technology leadership and operational priorities
In his new role, AlFaraj will oversee IT infrastructure, business systems, technology implementations and client platforms. His responsibilities will focus on operational resilience and regulatory alignment.
The role also connects technology delivery with SICO Capital’s ongoing platform investments. The company is developing systems across order management, asset management, CRM and AI.
Wissam Haddad, Chief Executive Officer of SICO Capital, said technology supports the company’s growth and its efforts to improve the client experience. He also highlighted AlFaraj’s experience in technology leadership and client-facing financial platforms.
Haddad confirmed that SICO Capital continues to invest in technology in Saudi Arabia through new and ongoing implementations. These include systems for managing orders and assets, customer relationships and artificial intelligence.
SICO Capital’s business in Saudi Arabia
SICO Capital is a financial services firm based in Riyadh. It provides asset management, brokerage, investment banking and fund services to individual, institutional and corporate clients.
The company operates under a licence from the Saudi Capital Market Authority (CMA). It commenced operations on 20 June 2009 and has a paid-up capital of SAR 100 million.
SICO Capital manages SAR 6.1 billion in assets across mutual funds and discretionary portfolios, according to figures dated 31 March 2026. Its parent company, Bahrain-based SICO BSC (c), owns the Saudi firm in full and operates as a regional asset manager, broker and investment bank.
AlFaraj outlines focus on digital capabilities
Commenting on his appointment, AlFaraj said technology plays an important role in how SICO Capital serves clients and strengthens its presence in Saudi Arabia.
He said he would work with the team to advance the company’s technology infrastructure and digital capabilities. He also highlighted reliability, security and service standards as priorities.
The appointment places technology leadership within SICO Capital’s ongoing investment in its Saudi operating platforms. The company has identified system implementation and client experience as key areas of focus, while AlFaraj’s mandate includes infrastructure oversight and regulatory alignment.
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