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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 | 400.20 | 0.10 (0.02 |
| FAB | 17.94 | -0.02 (-0.12 |
| EMIRATESNBD | 26.70 | -0.20 (-0.75 |
| ADCB | 15.80 | 0.24 (1.54 |
| ADIB | 23.34 | -0.10 (-0.43 |
08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
Financial Information Co.
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