Ubhar Capital awarded FEAS Champions League Award 2019

Group Iftar for Ubhar Capital employees during Ramadan

Our CEO Mr. Lo’ai Bataineh Invite all U Capital Family for Iftar gathering on Sunday 12/05/2019

Ubhar Capital was conferred the Brokerage Excellence Award of the Muscat Securities Market (MSM) and was also ranked at the top in the field of investment services and Omanisation. The MSM Awards ceremony took place last week. Lo’ai Bataineh, CEO of Ubhar Capital, said: “We are honoured to get this award. This is the result of our hard working and dedicated team of young professionals providing top notch services to our local and foreign clients. We would like to thank our esteemed clients and true partners for choosing us as their service provider and giving us the opportunity to grow. None of our achievements would have been possible without you and your unwavering support.” Commenting on MSM’s recognition of the company’s Omanisation efforts, the CEO added: “Omanisation is an integral part of our company’s mission to serve the community in which we operate, which includes recruiting, training and development of local talent.”

Ubhar Capital CEO Mr. Lo’ai Bataineh speaks on Oman Economic Environment & Outlook at Risk Officers Forum held at Bank Muscat Head Office.

Oman Budget 2019 - figures and facts

Ubhar Capital - Omantel ICT https:// 

Ubhar Capital CEO Loai Bataineh Live on Bloomberg

Ubhar Capital CEO Mr. Loai Bataineh amongst the panelist discussing about ways of Navigating Investments in Protectionist World at Oman Institutional Investor Summit

Our CEO Mr. Lo’ai Bataineh Invite all U Capital Family for Iftar gathering on Monday 21/05/2018.

Panel discussion on “Financial Preparedness for harnessing Growth”.

U Capital is acting as Financial Advisor and Issue Manager for the IPO of Arabia Falcon Insurance Company SAOG (Under Transformation). The IPO presentation held at 11am on 19^th March 2018 at Sheraton Hotel.

The prospectus may be downloaded from the following links:

AFIC – IPO Prospectus Arabic: click here

AFIC – IPO Prospectus English: click here

Ubhar Capital (U Capital) CEO Loai Bataineh, MF, MBA moderates first day of Oman Real Estate Investment & Finance (OREX 2018) conference taking place along with The Big Show Oman on 12th and 13th March 2018 at the Oman Convention & Exhibition Centre in Muscat.

U Capital CEO speaks at Lamad Forum in FinTech at SQU

U Capital chief executive officer Lo’ai Badie Bataineh recently participated in Lamad Forum in FinTech. The event was organized by Innovation and Entrepreneurship Department at Sultan Qaboos University. He shared his experience in the field of finance and how technology is revolutionizing the financial sector of Oman as well as GCC. Other panelist gracing the event included, H.E. Taher Al-Amri, Executive President Central Bank of Oman, Dr. Yahya Al-Wahaibi, Dean of Research at Sultan Qaboos University and Mr. Ramez Dandan from Microsoft Gulf, to name a few.

Lo’ai Bataineh heads U Capital, the prominent investment company in Oman. With Assets under Management and Custody of over USD 1.2 billion, U Capital is ranked amongst the top Asset Managers in Oman. Its corporate finance department has raised over USD 6.6 billion via IPO’s, rights issues, private placements, collecting bank services and M&A. While its brokerage unit was ranked number one in terms of market share as of 2017.

U Capital amongst the lead Sponsors. The 13th edition of the World Exchange Congress began at the Shangri-La Barr al Jissah Resort & Spa on Tuesday with participation of over 250 experts, specialists and financial decision maker from 60 countries.

lost city, the most common being Ubar, Wabar and Iram of the Pillars

In March 2016, Oman Investment Fund (OIF), Oman International Development and Investment Company (OMINVEST) and Arab Bank (Switzerland) (ABS) entered into a Memorandum of Understanding (MOU) to acquire Oman Arab Bank’s (OAB) Investment Management Group business. Over the past two decades, Investment Management Group has been a leading name in the investment sector. In Oman, Investment Management Group is one of the largest asset managers and a leading stock broker. It has executed some of the most notable corporate finance deals including initial public offerings (IPO’s), debt placements and other advisory mandates.

OIF, OMINVEST and ABS recently established Ubhar Capital SAOC (U Capital), which is envisioned to become Oman’s leading independent investment banking platform. We are pleased to announce that on (insert date), U-Capital agreed to acquire Investment Management Group. The acquisition will encompass the entire existing Investment Management Group platform, including systems, human resources, licenses, assets and liabilities. We are also pleased to announce that U Capital has been granted Regulatory Approvals to acquire Investment Management Group from OAB. The new Shareholders will provide significant strategic support to U-Capital to further develop and build its underlying lines of business, which encompass: investment banking, asset management, brokerage and custody services. U Capital will commence business operations in January 2017.

Sheikh Hassan Al Nabhani, Chief Executive Officer of Oman Investment Fund, stated that acquisition of Investment Management Group is a major step towards realising their vision of creating a premier asset management company out of Oman – with global reach and capabilities. He expects U Capital to cater to the investment needs of major institutional investors, while operating as a platform for attracting foreign investments into Oman. Sheikh Hassan elaborated that OIF is highly supportive of such platform acquisitions to create larger and more efficient businesses, creating economies of scale and realising synergies amongst our major portfolio companies. He added that U Capital will focus on developing local human capital and create a pool of professional investment banking professionals.

Wahbe Tamari, Chairman of Arab Bank (Switzerland), said that ABS is pleased to enter into this transaction with OIF and OMINVEST. He added that ABS will provide support to U Capital in building a world class institution catering to a broad base of regional and international customers. Tamari said he is excited about the prospects of working in Oman and contributing to the economic development of Oman.

Rashad Al Zubair, Chairman of Oman Arab Bank, said they are pleased that Investment Management Group has been a leading player in the investment banking sector in Oman and has been instrumental in Oman’s economic development over the past two decades. He stated that they are excited that U Capital has long term sustainable growth plans for the company. OAB will now focus on its core strengths of building world class leading bank in Oman. Mr. Al Zubair made a special mention to the conducive investments and regulatory operating environment in Oman.

Abdulaziz Al Balushi, Group CEO of OMINVEST said they are proud to be a shareholder in U-Capital and very pleased to acquire Investment Management Group, a well-managed business with a strong track record. He added that Investment Management Group’s business will flourish under U Capital and the Shareholders will lend all the support to make it a remarkable success by offering much better products and services to the clients.

Amin Al Husseini, OAB’s Chief Executive Officer said that the sale of Investment Management Group has been a concerted effort by the entire OAB management team and part of the overall strategy of the bank to augment its position in the Bank’s other business verticals. Al Husseini further added that the sale will significantly strengthen the Bank’s financial position and the proceeds will be utilized to finance core strategic initiatives. Al Husseini further thanked both the Central Bank of Oman and Capital Market Authority for creating a conducive investment environment and for their continued support.
Lo’ai Bataineh, who will be heading U Capital and who has headed Investment Management Group since its inception, is confident of the bright future of U Capital with its expanded scope.

Mr. Bataineh added that he and his team have been in touch with their clients throughout the transition. All clients can be rest assured that there will be no impact on their services and mandates and that their transition from Investment Management Group to U Capital will be smooth and seamless. He stated that the envisioned business expansion, new resources and capabilities are expected to make U Capital one of the largest and best-equipped investment banking companies in Oman. Therefore, the customers of Investment Management Group and new clients will greatly benefit from a wider array of products and enhanced services offered by U Capital.