UGB holds its Annual General Ordinary and Extraordinary shareholders meetings
- 2017, Press Release
- March 28, 2017
Bahrain, 13th November 2017– United Gulf Bank B.S.C.(“UGB”) today announced a net profit attributable to shareholders of parent of US$ 8.3 million for the nine months ended 30 September 2017 compared to US$ 5.9 million in the same period last year. Key Financial Highlights Net profit attributable to shareholders of the parent of US$ 8.3
READ MOREBahrain, 25 September 2017: United Gulf Bank B.S.C. (“UGB”) today held its Extraordinary General Assembly Meeting for obtaining shareholder’s approval for UGB reorganization. The Bank’s shareholders approved all agenda items including the UGB reorganization plan, the delisting of UGB shares and converting UGB into a Bahrain closed company. The Extraordinary General Assembly Meeting was held at
READ MOREBahrain, 12 September 2017–United Gulf Bank B.S.C, (“UGB”), a conventional wholesale banking licensee from the Central Bank of Bahrain, and listed on the Bahrain Bourse had earlier announced an extra ordinary general meeting to be held on 25 September 2017, to approve the proposed corporate reorganization of UGB, including approval of an offer received from
READ MOREBahrain, 1 August 2017– The shareholders of United Gulf Bank, B.S.C. (“UGB”) are in the process of reviewing the operational structure of UGB and exploring options to separate the regulated banking activities from the portfolio of core investments managed by UGB. The strategic realignment of operations would set out clear goals for the two distinct
READ MOREBahrain, 13 August 2017– United Gulf Bank B.S.C. (“UGB”), today announced its financial results for the first half of 2017. Key Financial Highlights Financial Performance UGB’s net profit attributable to shareholders of the parent increased by 18% to US$ 1.4 million for the second quarter of 2017 compared to US$ 1.2 million for the same
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