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 Bahrain, ...
The purchase price of this transaction has been settled at $190 million, which roughly translates to 1.0x of UGB’s current shareholders’ equity or book value Burgan Bank has received the final ...
Burgan Bank has recently received the final approval from the Central Bank of Kuwait (CBK) to acquire 100% stake in United Gulf Bank (UGB), a licensed conventional wholesale bank headquartered in ...
KUWAIT CITY, Jan 18: 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 ...