United Gulf Industries Corporation BSC

Note : The company's name has changed from United Gulf Industries Corporation B.S.C to United Gulf Investment Corporation B.S.C effective 25th July 2007. The new name is in the line with the new strategy and focus of the company and was unanimously approved by an Extraordinary General Assembly Meeting held in the Company's office on 17th May 2007 and with the approval of concerned official sources.

United Gulf Investment Corporation:

Incorporated in 1991, UGIC is a public shareholding company listed on the Bahrain Stock Exchange with paid up capital, BD 20 million. UGIC is considered a pioneer in identifying, developing, financing and sponsoring of industrial projects in Saudi Arabia, Bahrain and beyond.

Throughout the past 16 years, UGIC has played a pivotal role in fostering the successful growth of notable industrial projects, such as; United Stainless Steel Company (founding shareholder, recently divested), Gulf Ferro Alloys Company (majority shareholder) and Dhahran Chemical Industries & Marketing.

Furthermore, UGIC has recently, as co-founder shareholder, participated in establishing Tuareg Capital; a private equity firm focused on investment opportunities in North Africa, with specific focus on Libya and Algeria.

UGIC’s partners encompass an impressive cross-section of regional financial, industrial and government owned entities that includes amongst others; Saudi Arabian Basic Industrial Company (“Sabic”), Gulf Investment Company (“GIC”) and Qatar National Steel (“Qasco”).

Building on the strength of UGIC’s Board of Directors and ownership profile, UGIC executive management is exceptionally placed to further capitalize on the phenomenal growth of the GCC and surrounding economies.