Corporate Information
Syria Gulf Bank was licensed to operate as a private commercial bank by the Council of Ministers on 13th April 2006 through decree no 32. SGB is presently under establishment and should be operative beginning 2007.

The main objective of SGB is to contribute to the economic development of the country and to provide quality services that should meet the expectation of the bank’s customers, individuals, businessmen and corporations alike.

Founders
Syria Gulf Bank was founded by an important group of financial institutions from Kuwait, Bahrain, Lebanon and a number of prominent Syrian businessmen. The founders have committed 74% of the bank’s original capital.

Syrian Founders (25%) "A" Shares        
Abdul-Wahab Sawan (5%)               
Kareem Mahran Khawanda (5%)                           
Saadalla Ibrahim Massouh (5%)                      
Muhammad Salim Abdulkader Kailani (5%) 
Abdul-Ghani Abdul-Rahman  Al Attar (3%)
Costi Farid Chehlaoui (2%) 

Foreign founders (49%) " B" Shares

United Gulf Bank (UGB), Bahrain (24%)
United Gulf Bank was established in Bahrain in 1980. Its main shareholder is Kuwait Projects Holding Company (KIPCO) and Burgan Bank. UGB is the investment arm of KIPCO and is a major shareholder in a number of banks in the Middle East and North Africa .UGB has a management contract with the bank.

Al Fotouh Investment Co, Kuwait (11%)
Al-Fotouh Investment Company was established in 1981. Its main investment activities include listed companies, direct investments and the real estate sector. Al-Fotouh Company is the largest share holder in KIPCO.

Global Investment House, Kuwait (7%)
Global Investment House was established in 1998 as a Kuwaiti Investment Bank to meet the needs of the local market and to develop investment services in Kuwait. The bank’s capital is KD 27 million and funds under management are in excess of US$6 billions.

First National Bank, Lebanon (7%)
First National Bank of Lebanon was established in 1994 as a commercial bank. The capital of the bank is owned by Lebanese and Gulf investors.

Management Agreement with United Gulf Bank:

Syria Gulf Bank S.A. has a management agreement with United Gulf Bank B.S.C. through which the latter provides all the necessary support and services to SGB including Technical Support, Expertise, Know-how, Human Recourses & Training, Information Technology and the latest banking services and products .