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Article: UGB/KAMCO OPEN IN QATAR.(United Gulf Bank establishes subsidiary at Qatar)
- Article from:
- Middle East
- Article date:
- April 5, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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United Gulf Bank B.S.C. (UGB) has established its subsidiary "United Gulf Financial Services Company LLC" (UGFS) in the Qatar Financial Centre (QFC). UGFS has been authorised by the Qatar Financial Centre Regulatory Authority to carry out Regulated Activities in or from the QFC with effect from 21 March 2006.
UGFS is legally formed as a Limited Liability Company with a paid-up capital of Qatari Riyal 20 million and it is 60% owned by UGB and 40% by its subsidiary KIPCO Asset Management Company K.S.C.C (KAMCO). UGFS will be managed by Mr. Qasim M. Qasim, an experienced Middle Eastern banker who has previously held senior positions in Qatar and the Middle East. His ...