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First Gulf buys back 1.53m shares

Dubai, January 12, 2009

First Gulf Bank said on Monday it had bought back 1.53 million shares on Sunday at 9.51 dirhams ($2.59) under a share buyback scheme.

In November, the bank won approval to buy back up to 10 percent of its shares within 12 months. So far, it has bought back 7.43 million shares, First Gulf said in a statement on the Abu Dhabi bourse website.

Sunday's purchase represented 0.1113 percent of total share capital, it said.

First Gulf shares fell 2.55 percent on Sunday to 9.55 dirhams. - Reuters




Tags: Shares | First Gulf |

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