<< BackParticipating CompaniesKIPCOUnited Gulf Bank
The United Gulf Bank (B.S.C.) EC is the investment banking arm and a subsidiary of KIPCO. It started operations as an offshore commercial bank in March 1980. Soon after, on June 14, 1980, it obtained its commercial registration and subsequently, on September 19, 1998, the bank was transformed in to an investment bank.
The bank's activities comprise of asset management, corporate finance, investment in private and quoted equities and funds, real estate treasury and selective commercial banking services. UGB manages its positions in direct investments, public equities and fixed securities through a carefully balanced combination of in-house and independent portfolio managers.
Burgan Bank was established in 1977 as a public shareholding company. Despite the fact that it is the youngest commercial bank in Kuwait, today it ranks among the top Kuwaiti banks. Burgan Bank offers both retail and commercial banking services and is active in the Gulf region and internationally.
The turning point for Burgan Bank came in the year 1997. The privatisation process of the Kuwaiti government, which began in the same year, reduced government ownership from 61% to less than 10% stake. KIPCO now represents the single largest ownership of the bank. The change in ownership paved the way for a natural change in the strategic focus and management style.
Presently, the bank is committed to developing its private banking activities with innovative and diversified investment and financial products, enhancing treasury operations, increasing syndication activities, and expanding the bank's retail products.
United Real Estate Company
The United Real Estate Company S.A.K. (URC) is one of the prominent real estate companies of the Middle East region. It was established in 1973 in Kuwait.
The URC management has considerable knowledge and experience in property investments. It also has extensive experience in renting and managing numerous commercial and residential properties in Kuwait. URC is the developer of the prestigious Marina Mall, one of the largest BOT projects in the sector. The company has also developed various hotels and residential complexes abroad.
URC is focused on giving the best to its customers and therefore, it firmly believes in adapting to changing business environments and individual markets of every country.
Gulf Insurance Company
The Gulf Insurance Company (GIC) was established in 1962 and is one of Kuwait's most prominent insurance companies. GIC has its head office in Business District, Kuwait.
GIC offers a range of insurance products, such as marine and aviation, fire insurance, general accident coverage, employee compensation, all-risk insurance for the construction industry, public liability, cash in transit, personal accident, third party and comprehensive motor insurance.
GIC is focused on understanding customer needs and enhancing the services it provides to its customers accordingly. In 1999, GIC opened eight new branches with an upgraded Wide Area Network (WAN) between its branches and the head office. It constantly aims to meet the evolving needs of its clientele by launching innovative insurance products, such as, Gulf Assist/DOTW, a travel insurance/assistance policy that provides 24-hour coverage everyday, worldwide.
Launched in December 1999, Wataniya Telecom is the second licensed GSM mobile operator in the State of Kuwait. Thanks to the competition and innovation introduced by Wataniya Telecom since then, the mobile has become a way of life in Kuwait! Today in Kuwait, over 55 percent of the population has a mobile - and over half are proudly served by Wataniya Telecom.
From their advanced Customer Care Center (consistently rated the best in Kuwait in public surveys) to the quality and reliability of their communications network, Wataniya Telecom continuously strives to deliver on their mission of being the chosen provider of mobile communications services.