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 Bank’s business in the GCC countries working
alongside UGB’s 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 Master’s in Business Administration (Hons.), from
Northeastern University - Boston, where he also worked as a Research
Assistant in the university’s Finance Group, and a Bachelor’s
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. UGB’s 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.
UGB’s 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
info@ugbbah.com.
