BUSINESS & ACTIVITIES

UGIC’s principal business objectives are multi-focused:

  1. To develop and promote industrial, chemical, and energy related projects, primarily in the Gulf region.
  2. To identify and invest in direct investment opportunities (private equity).
  3. To invest in listed stocks and other financial instruments

UGIC asses on an ongoing basis, a broad spectrum of green-field industrial, chemical and energy related opportunities. Current portfolio includes Gulf Ferro Alloys Company, Dhahran Chemical Industries & Marketing Company, Arabian Industrial Fibers Company and Yanbu National Petrochemical Company.

Underscoring Executive Management’s dynamic approach to investing, UGIC recently acquired a minority stake in private equity firm, Tuareg Capital. Such investment allows UGIC to extend a footprint over North Africa and participate as an investment manager and co-investor in a cross-section of opportunities in Algeria and Libya. Additionally, UGIC capitalizing on attractive valuation, recently exited from United Stainless Steel Company - Middle East’s first stainless steel company.

Further to the above, UGIC’s equity and fixed income portfolio is a mixture of proprietary trading and third party, managed funds - in diversified asset classes across regional and international markets.

Last updated: Monday, 23 July 2007