First Gulf Bank, the United Arab Emirates' third-largest lender by assets, beat estimates as it reported a 20 per cent increase in third-quarter net profit on Monday thanks to higher fee income and lower provisions for bad loans.
FGB, one of UAE’s leading banks, has announced the appointment of Michael Aissaoui as its corporate finance specialist.
In his new role within FGB’s wholesale banking group, Aissaoui will oversee the expansion of the bank&rs
First Gulf Bank (FGB), the second-largest lender by market value in the UAE, posted a 27 percent jump in first-quarter net profit on Wednesday, becoming the latest UAE bank to post strong quarterly profit growth.
UAE-based First Gulf Bank (FGB) acquired the entire share capital of Dh601 million ($164 million) of Dubai First, under the legal guidance of Norton Rose Fulbright Abu Dhabi.
Dubai First is a leading consumer finance company speci
UAE lender First Gulf Bank raised $650 million from the sale of five-year Islamic bonds, or sukuk, on Tuesday, in a significantly oversubscribed deal that benefited from solid global demand for Sharia-compliant paper.
Abu Dhabi's First Gulf Bank (FGB) has set up a new $3.5 billion Islamic bond programme, a London Stock Exchange filing showed, paving the way for the lender's first sukuk sale.
FGB, 67-percent owned by Abu Dhabi's ruling family
First Gulf Bank, the UAE's second largest lender by market value, said it is raising its foreign share ownership limit to 25 percent from 15 percent, as it seeks to attract more investors.
The bank's board approved a proposal to raise the
UAE-based banks Mashreq and First Gulf Bank (FGB) have successfully co-ordinated a $403 million syndicated facility to fund the engineering, construction and procurement works of the Borouge 3 expansion project.
One of the l
Abu Dhabi lender First Gulf Bank (FGB) has decided to hold off issuing a benchmark $500 million bond due to volatile market conditions, lead arrangers said.
"The sale stands postponed because of volatile markets," one banker from a lead ar