The history of UBT is one of courage and vision, one that sought to fill the need for specialized and quality business education that would be of benefit to the labor market in Saudi Arabia. Over a short period of 12 years, UBT expanded tremendously by implementing the key factors of effective and courageous leadership while prioritizing a high value for quality education. UBT began as a simple junior college in the year 2000, offering classes to both genders that granted business-related diplomas, and quickly progressed by 2003 into a full-fledged four-year college (CBA) offering six programs. In 2008, the College of Engineering and Information Technology was established, offering five programs, followed by the College of Advertising in 2011.
By the year 2015, the Research and Consultation Centre was in place, adding even more advantage to those who sought Higher Education. Currently, UBT is successfully operated under its governing body which consists of The Board of Trustees (BOT), The University Council, The Scientific Council, The College Council/s, The Departmental Council/s, all of which are approved by the Supreme Council of Higher Education.