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UGB net profit surges 24pc to $16.5m in H1United Gulf Bank (UGB), the investment banking platform of the Kipco Group, has posted a net profit of $16.5 million for the first half of this year, marking a 24 per cent rise over $13.3 million registered in same period last year. More… |
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UGB Q1 net soars 89pc to $9.1 millionUnited Gulf Bank (UGB) has announced a net profit of $9.1 million for the first quarter of this year year, an 89 per cent increase over the first three months of 2011. UGB is the asset management and investment banking platform of the Kipc More… |
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UGB posts $13m profit for H1United Gulf Bank (UGB) yesterday posted a first half net profit of $13.3 million compared with $31.8 million a year ago. UGB is the asset management and investment platform of Kipco Group. Total income during the first half decreas More… |
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UGB profit up 114pc to $31.8mBahrain-based United Gulf Bank (UGB), the asset management and investment banking platform of the Kipco Group, has reported a 114 per cent increase in net profit during the first half of this year compared to the same period last year. Net More… |
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Kipco to sell key Burgan stake to UGBKuwait Projects Co (Kipco) plans to sell a 13 per cent stake in its commercial banking arm Burgan Bank to its 96-per cent owned unit United Gulf Bank, the firm said on Monday. Kipco said it will not book any profits or losses from the tran More… |
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UGB gets Kuwait cbank nod for Burgan stakeBahrain-based United Gulf Bank, the investment banking unit of Kuwait Projects Company (Kipco), has got Kuwaiti central bank approval to acquire a 20 percent stake in Burgan Bank. The approval is valid for three months, and UGB is still aw More… |
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UGB sells Tunis stake to Burgan for $120mBahrain-based United Gulf Bank (UGB), the investment banking unit of Kuwait Projects Co (Kipco), said on Sunday it has sold its stake in Tunis International to Burgan Bank for $120 million. UGB said in a statement to Bah More… |
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UGB postpones bond due market conditionsBahrain-based United Gulf Bank has postponed a planned bond sale due to market conditions, sources said, becoming the latest in a string of emerging corporates forced to put debt-raising plans on hold. A source close to the deal said: ' More… |
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Moody's downgrades KipcoKuwait Projects Company Holding (Kipco), whose subsidiaries include Bahrain-based United Gulf bank (UGB), has been downgraded by Moody's Investors Service. The ratings agency has changed its outlook to on the company to negative from stabl More… |
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Kamco and UGB deny trade gainsKuwaiti fund manager KIPCO Asset Management Company (Kamco) and United Gulf Bank (UGB) said they made no gain from trades in shares of Harman International Industries and Textron probed by US regulators. 'The transactions mentioned in More… |
