Publication: GULF TODAY (UAE)
Circulation: 35,000
USFG chairman to visit Bahrain
CHAIRMAN of the United States Financial Group (USFG), 31-year-old Mohammad Al Khan, is to visit.
Bahrain in mid-March for meetings with senior bankers in the Middle East.
USFG recently announced its intention to float its shares into the public markets in the Gulf. The company, which recorded revenues in excess of US$50 million (Dhs 183.5 million) in 1997, plan for its share to be listed on either the American Stock Exchange or National Exchange of Securities Dealers (the largest exchange in the world), issued at US$15 per share.
United States Financial Group is the holding company of Klein Maus & Shire, the first Muslim-owned investment bank in America. Also in the Group are Asset Management Group, Sureal International (distributor of health food products with over 170,000 outlets around the world) and US Military Resale Group. Mohammed Ali Khan acquired Klein Maus & Shire in 1995, starting with 2,000 square feet of Office space in 110 Wall Street. Less than two years later the operation has grown to employ about 115 people and has 16,000 square feet of office space.
