About The United Bank
The United Bank is a company based in Cairo (Egypt) founded in 1981 was acquired by Kuwait Investment Authority in April 2023.. The United Bank operates in a competitive market with competitors including CIB Egypt, Banque Misr, Scotiabank, Afreximbank and Crdit Agricole Egypt, among others.
- Headquarter Cairo, Egypt
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Kuwait Investment Authority
(Apr 18, 2023)
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Funding Insights of The United Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The United Bank
The United Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Kuwait Investment Authority. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Serves as Kuwait's sovereign wealth fund managing national investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The United Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - The United Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The United Bank Comparisons
Competitors of The United Bank
The United Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CIB Egypt, Banque Misr, Scotiabank, Afreximbank and Crdit Agricole Egypt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking services are provided across Egypt's private sector.
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Commercial banking services are offered by Banque Misr in Egypt.
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Commercial banking services are provided internationally by Scotiabank.
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Trade finance and commercial banking services are provided across Africa.
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Commercial banking services are provided in Egypt by this institution.
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Operates as a commercial bank, offering deposits, loans, and payment services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The United Bank
Frequently Asked Questions about The United Bank
When was The United Bank founded?
The United Bank was founded in 1981.
Where is The United Bank located?
The United Bank is headquartered in Cairo, Egypt.
Who is the current CEO of The United Bank?
Ashraf Elkady is the current CEO of The United Bank.
What does The United Bank do?
The United Bank was established in 1981 and operates as a commercial bank based in Cairo, Egypt. Financial services, including deposits, loans, and payment processing, are extended to corporate and individual clients within the Egyptian market. Day-to-day operations are managed from the headquarters, with oversight by CEO Ashraf Elkady. Focus remains on standard banking activities without international expansion noted.
Who are the top competitors of The United Bank?
The United Bank's top competitors include Scotiabank, CIB Egypt and Banque Misr.
Who are The United Bank's investors?
The United Bank has 1 investor. Key investors include Kuwait Investment Authority.