First Gulf Bank Caps Foreign Ownership Percentage (31 December 2008)
According to FGB’s Memorandum and Articles of Association, Article (8): the Board of Directors are authorized to increase or decrease this percentage as they may deem appropriate.
First Gulf Bank initiates share buy-back (19 November 2008)
In line with the Board’s vision and strategy, FGB has maintained its position as a well diversified financial institution and has been growing and delivering impressive results quarter after quarter.
First Gulf Bank reports solid financial quarter with 68% increase (21 October 2008)
77% of FGB Group Net Profit for the first nine months of 2008 was generated by the main banking businesses - Corporate, Retail, Treasury & Investments -, while the remaining 23% was contributed by FGB’s two subsidiaries and three associate companies.
First Gulf Bank Issues AED3.6 Billion Mandatory Convertible Bonds (22 July 2008)
Maturity date for the bonds is July 2011, and the interest rate to be paid to the bond holders before conversion into shares is 3 months EIBOR + 1%, while the conversion rate has been calculated at AED28.80.
First Gulf Bank Issues Aed3.6 Billion Mandatory Convertible Bonds (21 July 2008)
Following the Board of Directors meeting held today, First Gulf Bank (FGB) announced the issuance of mandatory convertible bonds worth AED3.6 billion to UAE institutional strategic partners.
First Gulf Bank Reports Another Record Quarter (9 July 2008)
Net interest and Islamic financing for the quarter at AED 622 million is 112% higher than the same quarter last year and 47% higher than the previous quarter.
First Gulf Bank Offers Distinguished Student Scholarships to Ten UAE Nationals (29 June 2008)
“Development of our youth ensures the development of UAE, which will ultimately be of benefit to all.” added Sayegh.
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