Burgan Bank K.P.S.C. announced the signing of a Share Purchase Agreement (SPA) to acquire a 100% stake in United Gulf Bank B.S.C (UGB), a wholesale bank licensed and headquartered in Bahrain, from United Gulf Holding Company B.S.C. (UGH) for USD 190 million.

2025年1月20日 · Burgan Bank has signed a share purchase agreement (SPA) to take full ownership of United Gulf Bank (UGB), a wholesale bank headquartered in Bahrain, from …

2024年12月19日 · Burgan Bank, a subsidiary of KIPCO Group, is expected to complete the acquisition of Bahrain-based United Gulf Bank in the first quarter of 2025. The bank has received clearance from the Kuwaiti central bank to buy a 100 percent stake in United Gulf Bank, KIPCO Group said in a regulatory filing on Boursa Kuwait on Thursday.

2024年12月27日 · In June 2024, Burgan Bank received CBK’s initial approval to engage with Bahrain’s regulatory authorities regarding the acquisition of a 100% stake in UGB. Shortly thereafter, the Bank secured a no-objection from the Central Bank of Bahrain in August, followed by final approval from CBK.

Kuwait-based Burgan Bank has announced that it has obtained the final approval from the Central Bank of Kuwait (CBK) to acquire 100% stake in United Gulf Bank (UGB), a licensed conventional...

5 天之前 · Burgan Bank has received the green light from the Central Bank of Kuwait to proceed with its plans for the full acquisition of Bahrain’s United Gulf Bank (UGB). This pivotal development marks a significant step forward for Burgan Bank, as it aims to consolidate its position in the region through this strategic acquisition.

2024年12月20日 · Kuwait’s banking landscape is poised for a significant transformation as Burgan Bank, a leading subsidiary of the KIPCO Group, prepares to acquire Bahrain-based United Gulf Bank (UGB). The acquisition, expected to finalize in the first quarter of 2025, marks a critical milestone in the Gulf region’s financial sector.

Kuwait's Burgan Bank <BURG.KW> said it agreed to buy foreign assets worth 194 million dinars ($728 million) from Bahraini lender United Gulf Bank <UGBB.BH> (UGB) as part of an international ...

2025年1月18日 · Burgan Bank, a Kuwait-based conventional bank, has signed of a share purchase agreement (SPA) to acquire 100% stake in United Gulf Bank (UGB), a wholesale bank licensed and headquartered in...

2008年5月5日 · KUWAIT CITY - Kuwait's Burgan Bank announced on Monday it has agreed to buy the holdings of Bahrain-based United Gulf Bank in four regional operations in a deal worth 194 million dinars (727...