United Gulf Bank B.S.C.(c) (UGB, the Bank)
Established in 1980 and operating under a conventional wholesale banking license from the Central Bank of Bahrain, UGB is owned 100% by the Burgan Bank Group. It is a leading asset management and investment banking group headquartered in the Kingdom of Bahrain with operations across the MENA region. UGB’s proprietary investments include assets in commercial banking, real estate, private equity, and quoted securities. As of 31 December 2024, UGB’s consolidated assets under management totalled US$16.1 billion (31 December 2023: US$ 14.3 billion).
UGB’s core subsidiary is KAMCO Investment Company (KAMCO Invest) K.S.C.P, incorporated in Kuwait. UGB and KAMCO have a proven track record of successfully completing more than 60 investment banking transactions for clients since 2001. KAMCO Invest provides a comprehensive range of investment products and services in asset management, investment banking, and brokerage. It has assets under management allocated across various asset classes and jurisdictions. Since its incorporation, KAMCO Invest has acted as investment banker on equity and debt capital markets and mergers and acquisitions transactions with a value exceeding US$ 41.3 billion as of 31 December 2024.
Burgan Bank K.P.S.C.
Established in 1977, Burgan Bank is a Kuwait-based conventional bank with a significant focus on the corporate and financial institution sectors. From its earliest days, the Bank has significantly sought to diversify its offering to cater to its growing retail and private banking customer base. Burgan Bank has majority-owned subsidiaries, collectively known as the “Burgan Bank Group”, in the MENAT region. This Group is supported by one of the largest branch networks across the region and includes: Gulf Bank Algeria – AGB (Algeria), Tunis International Bank – TIB (Tunisia), Burgan Bank Turkey and United Gulf Bank B.S.C – UGB (Bahrain). Furthermore, Burgan Bank has a presence in the UAE through its corporate office, Burgan Financial Services Limited.
Kuwait Projects Company (Holding) K.S.C.P.– KIPCO
KIPCO is a holding company that invests in the Middle East and North Africa. Its strategy of acquiring, building, scaling, and selling companies in the MENA region has worked successfully for over 30 years. KIPCO’s main business sectors are financial services, food, petrochemicals & oil services, media, real estate, and education. It’s financial service interests include commercial banking, asset management and investment banking.