27 February 2003 - New Head of Corporate Finance at United Gulf Bank
UGB announced that Rabih Soukarieh has joined them as Senior Vice President - Head of Corporate Finance. Mr. Soukarieh will be responsible for developing the Banks business in the GCC countries working alongside UGBs subsidiary KIPCO Asset Management (KAMCO), which has an established track record in corporate finance, direct investments and other investment banking areas.
During his 15-year career, Mr. Soukarieh has held a number of positions at major financial institutions in the Middle East and Canada, including the National Bank of Kuwait Group in Kuwait as Senior Manager in the foreign corporate and corporate finance areas, and at the Saudi Investment Bank in the Kingdom of Saudi Arabia as Team Leader in the Corporate Banking Group. Mr. Soukarieh also worked at Regal Capital Planners in Toronto, Canada, where he was responsible for providing financial planning services to private individuals. Mr. Soukarieh is a Chartered Financial Analyst. He holds a Masters in Business Administration (Hons.), from Northeastern University - Boston, where he also worked as a Research Assistant in the universitys Finance Group, and a Bachelors of Science (Hons.) from Indiana University-Bloomington, USA.
UGB is the investment banking arm and subsidiary of Kuwait Projects Company (Holding) KSC, Kuwait (KPCH). UGB has total assets of about US$ 900 million supported by shareholders funds of over US$ 200 million. UGB had been assigned an investment grade (BBB-) rating by Capital Intelligence. UGBs main subsidiaries are Tunis International Bank, Tunisia; KIPCO Asset Management Company, Kuwait ; UGB Securities Co; Bahrain and Algeria Gulf Bank SA (under formation) ; Algeria . UGB also has equity interests of 44% in Jordan Kuwait Bank, Jordan ; 34% in United Real Estate Company, Kuwait and 49% in United Industries Company, Kuwait.
UGBs activities consist of private equity and fund investments, quoted equities, asset management, corporate finance, real estate, treasury and selective commercial banking services.
For further information please contact United Gulf Bank on telephone +973 17533233 or email email@example.com.