Bahrain, 20th August , 2009 - United Gulf Bank Sponsors Bahrain’s Reception at the IMF/WBG Meetings in Istanbul
 

 

Bahrain, 20 August 2009: United Gulf Bank B.S.C. – Bahrain (UGB), the investment banking arm of the KIPCO Group, has announced its co-sponsorship of the Bahrain Association of Banks (BAB) Reception at the IMF/World Bank Annual Meetings to be held in Istanbul 6-7 October 2009.

The Bahrain Association of Banks will host a formal reception at the Swissotel The Bosphorous, in Istanbul on 5 October. Bahrain’s delegation will be led by the Minister of Finance, H E Shaikh Ahmed bin Mohamed AlKhalifa and the Governor of the Central Bank of Bahrain, H E Rasheed Al Maraj. The IMF/World Bank Meetings are expected to attract as many as 13,000 participants from around the globe making it a premier annual event for Bahrain to showcase itself to the world as a financial hub of the Middle East.

UGB Managing Director, Mr Masaud Hayat, commented:
“We are delighted to be co-sponsoring BAB’s Reception for such an important event taking place at a time when international financial systems are faced with challenges. We support the event as an important forum to present Bahrain’s successful management of financial challenges and its position as the prime financial center in the Middle East.”

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Notes to Editors:

About UGB:

UGB, the investment banking subsidiary of Kuwait Projects Company (Holding) (KIPCO), manages a regional network of investment banking and asset management companies. Its proprietary investments include assets in real estate, private equity, structured products and quoted securities. As of June 2009, assets under management exceeded US$ 8.4 billion (2008: US$ 9 billion). UGB’s core subsidiaries and associates include: Al Dhiyafa Investment Company, Al Sharq Financial Brokerage Company, KIPCO Asset Management Company (KAMCO), Manafae Investment Company, Millennium Finance Corporation, North Africa Holding Company, Royal Capital Company, Syria Gulf Bank, Tunis International Bank, United Networks (formerly United Cable Company), United Gulf Bank Securities Company, United Gulf Financial Services – North Africa, United Healthcare Company, United Industries Company and United Real Estate Company.
UGB and its subsidiary KAMCO have a proven track record of successfully completing around 60 investment banking transactions for its clients since 2001 with an aggregate value of over US$ 8 billion including corporate finance, advisory, new issue placement and underwriting, corporate restructuring, bond issuance and merger and acquisition.
UGB is part of the KIPCO Group - one of the biggest diversified holding companies in the Middle East and North Africa, with assets worth more than US$19 billion under management or control. The Group has substantial ownership interests in a portfolio of over 50 companies operating across 21 countries. The company’s main business sectors are financial services and media. Through the subsidiaries and affiliates of its core companies, KIPCO also has interests in real estate, industry, healthcare and the management & advisory sector.
 

For further information:

Telephone: United Gulf Bank on +973 17533233 or email info@ugbbah.com