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Home >> Group Companies >> FINANCIAL SERVICES >> United Gulf Bank (UGB)

The United Gulf Bank
Website: www.ugbbh.com

United Gulf Bank (UGB) is the investment banking arm and a subsidiary of KIPCO. UGB started operations as an offshore commercial bank in March 1980.

UGB's activities consist of asset management, corporate finance, private and quoted equities and funds, real estate treasury and selective commercial banking services.

UGB manages its positions in direct investments, public equities and fixed securities through a carefully balanced combination of in-house and independent portfolio managers.

UGB's main subsidiaries are:
  • KIPCO Asset Management Company (KAMCO)
  • UGB Securities
  • Tunis International Bank
UGB's main associates are:
  • United Real Estate Company
  • United Industries Company
Board Members
Masaud Hayat
Chairman

Sheik Hamad Sabah Al-Ahmad Al-Sabah
Deputy Chairman

Executive Officers
David J Rhodes
Cheif Executive Officer

Mohammed Haroon
Advisor and Secretary to the Board

Company Address
P.O. Box 5964, UGB Tower
Diplomatic Area, Manama
Bahrain
Telephone: (+973-17-) 533 233
Fax: (+973-17-) 533 137

Website: www.ugbbh.com

KIPCO - Work And Beyond

Mr Masaud Hayat has been elected Chairman of the Board at UGB. Mr Hayat replaces Mr Faisal Al Ayyar who will remain as a member of the Board. Mr Hayat has also been appointed as Chief Executive Officer – Banking at KIPCO.

Mr Hayat was UGB’s Managing Director from 1997 to 2009 and has been a Director of the bank since 1990. He is Chairman of Syria Gulf Bank and Tunis International Bank and Vice Chairman of Gulf Bank Algeria and Jordan Kuwait Bank, and a Board member of the Bank of Baghdad and the North Africa Holding Company.
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