United Gulf Bank

UGB is a fully owned subsidiary of United Gulf Holding Company (UGH) and ultimate parent KIPCO Group. UGH through its underlying investments conducts merchant banking activities. Group's proprietary investments include assets in commercial banking, real estate, private equity, and quoted securities. As of 31 December 2018 assets under management held through UGB increased from US$ 10.8 billion in 31 December 2017 to 12.6 billion in 31 December 2018. As of 31st December 2018, UGH's directly and indirectly held core subsidiaries and associates include: United Gulf Bank B.S.C, Burgan Bank, KAMCO Investment Company (KAMCO), Global Investment House, FIMBank p.l.c, North Africa Holding Company, United Gulf Financial Services - North Africa, Gulf Investment House, United Capital Transport Company and United Real Estate Company. UGB and its subsidiary KAMCO have a proven track record of successfully completing more than 60 investment banking transactions for its clients since 2001 with an aggregate value of over US$ 10 billion including corporate finance, advisory, new issue placement and underwriting, corporate restructuring, bond issuance and merger and acquisition.