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- Bahrain All Share Index, Islamic Index close higher
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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 | 401.70 | -0.30 (-0.08 |
| FAB | 13.90 | -0.14 (-1.00 |
| EMIRATESNBD | 20.15 | -0.30 (-1.47 |
| ADCB | 11.10 | -0.22 (-1.95 |
| EIB | 12.25 | 0.00 (0.00 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
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