United Gulf Bank, the investment banking arm of Kuwait Projects Company (KIPCO), operates as a Pan Arab universal bank in 11 countries in the Middle East and North Africa region. It offers an entire range of investment banking and wealth and asset management services from its home base in Bahrain as well as from its investment banking network in Kuwait and Qatar (and soon from the UAE). UGB offers commercial banking facilities from its commercial banking network in Algeria, Iraq, Jordan, Syria, Palestine, Cyprus and Tunisia.
UGB was founded in Bahrain in March 1980, is regulated by the Central Bank of Bahrain as a wholesale bank and has a long term investment grade rating by Moody's (Baa3) and Capital Intelligence (BBB+).
As of 30 September 2007 assets under management exceeded USD 7.7 billion.