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- UDC enters Guinness World Records with three new global achievements on Gewan and The Pearl Islands
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01/03/2017 15:15 AST
UGB's profit attributable to shareholders of the parent for 2016 decreased to $6.3 million compared to $11.2 million in 2015, with a similar decrease in basic earnings per share to 0.77 cents from 1.38 cents in 2015.
"During 2016 UGB shored up its equity base through raising $33 million of Tier-1 Capital and later in October 2016 UGB successfully repaid it's $100 million Subordinated Bond to the investors on its maturity underpinning the strength of diversified liquidity sources and investor confidence on UGB's business model. From profitability perspective our diversification strategy and focus on recurring revenue stream has again proved its strength and UGB has posted another profitable result despite challenges faced by the investment banking industry," said Masaud Hayat, Chairman of UGB.
UGB's total assets stood at $3 billion as at 31 December 2016, up from $2.72 billion in 2015; while the bank's balance sheet remains strong with total equity of $529.5 million, up from 2015's $503.3 million, an increase of around 5.2 per cent. This is mainly reflective of the $33 million Additional Tier 1 Capital Facility raised during the 1Q2016. UGB's Board of Directors will not be recommending any dividends for the year ended 2016.
CPI Financial
28/09/2017
Bahrain Bourse hereby announces the delisting of United Gulf Bank (UGB) from BHB's mainboard market. Following to the Resolutions of the Extraordinary General Meeting held on 25/09/2017 and after rec
Bahrain Bourse
01/09/2015
United Gulf Bank (UGB) has announced the appointment of Hussain Lalani as the acting chief executive.
Mr Lalani, currently the chief financial officer, has been with the bank since 2002.
Gulf Daily News
23/06/2015
Capital Intelligence (CI) announced today that it has affirmed Bahrain-based United Gulf Bank (UGB)'s Long and Short-Term Foreign Currency ratings at 'BBB' and 'A3' respectively, on the grounds of th
CPI Financial
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.50 | -0.10 (-0.03 |
| FAB | 14.34 | -0.12 (-0.83 |
| EMIRATESNBD | 20.80 | 0.05 (0.24 |
| ADCB | 10.72 | -0.86 (-7.43 |
| ADIB | 17.76 | -0.18 (-1.01 |
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
07/03/2025
Estithmar Holding, through its subsidiary Elegancia Gabro, signed a memorandum of understanding with Qatar Primary Materials Company to enhance cooperation in supplying the raw materials necessary fo
The Peninsula
07/03/2025
Qatar General Electricity & Water Corporation (Kahramaa) and Qatar Electricity and Water Company (QEWC) have signed a power purchase agreement for peak electricity generation units in Ras Abu Fontas
Trade Arabia
06/03/2025
As part of its Ramadan program "Our Traditions Always Bring Us Together," Gulf Bank has distributed food packages to underprivileged families in Al-Jahra. This initiative was made possible through a
Kuwait Times
Financial Information Co.
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