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First Gulf Bank raises $650m from 5-year bondUAE 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. The suku More… |
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Abu Dhabi's FGB Q2 profit up 13pcFirst Gulf Bank (FGB), UAE's second largest lender by market value, posted a 13 percent rise in second quarter net profit, beating analysts' forecasts, helped by a rise in net interest income. & More… |
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FGB sets up new $3.5bn sukuk programmeAbu 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 More… |
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First Gulf Bank ups foreign ownership limitFirst 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 More… |
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Mashreq, FGB ink $403m Borouge finance dealUAE-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 More… |
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Abu Dhabi's FGB delays bond issueAbu 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 More… |
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FGB finances GEM tankerGulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has taken delivery of Gulf Muttrah, a 47,000 DWT oil and chemical product tanker built by Hyundai Mipo Dockyard Co Ltd (HMD). The More… |
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First Gulf Bank issues $980m bondsFirst Gulf Bank (FGB) today announced the issuance of mandatory convertible bonds worth Dh3.6 billion ($980 million) to UAE institutional strategic partners. Maturity date for the bonds is July 2011, and the interest rate to be paid t More… |
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FGB to offer Islamic insurance for HNWIsFirst Gulf Bank (FGB), one of the UAE’s leading financial institutions, has announced a strategic partnership with Salama - Islamic Arab Insurance Company – the largest Takaful and Re-Takaful group in the world. The partnership will offer More… |
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FGB posts record Q1 profitAbu Dhabi's second-largest lender by market value, First Gulf Bank (FGB), has reported its seventh consecutive record profit in the first-quarter of 2008. The bank’s income in the three months to March 31 rose 66 per cent to $183.8 mi More… |
