United Capital Bank (UCB) was registered in November 2005 by the Commercial Registrar under the Company Ordinance Act 1925, and was issued the license to perform business activities by the Central Bank of Sudan on February 2006 . UCB commenced its business activities in August 2006.
UCB's compliance falls uder the supervision of the Shariah Supervisory Board for all bank’s activities and financing transactions .
In November 2007 the bank floated it’s shares in a public offering and listed its shares in Khartoum Stock Exchange.
The bank’s paid up capital is 240 Million SDG (equivalent to USD 108 millions at that time) underwritten by sudanese citizens and corporations from Sudan, Kuwait, Lebanon & Egypt. The bank’s shares are traded in Khartoum Stock of Exchange. The bank’s main shareholders include Fransabank (Lebanon) , Boubyan Bank (Kuwait), Financial Investment & Development Co. (Egypt) and local large corporates, namely Sudatel, Seen and Alategahat Almtadeda.
The bank offers its services to customers in the sudanese market and the bank is known as one of the specialized banks in financing corporate entities and major projects through its three branches in Khartoum , Khartoum North and Omdurman . The total number of the bank’ s staff is about 140.
The bank adopts a strategy of enhancing its position and role in the sudanese economy by providing islamic financial solutions to investment projects of strategic nature in the fields of infrastructure, corporate finance and small and medium size corporations to satisfy needs of companies working in various economic sectors such as industry, agriculture, mining, trade and services.
The bank has a strong commitment towards society as it executes a number of activities through social programs supporting activities such as education, culture, health, sports, environment and charity.