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First Gulf Bank buys back 1.53mn shares

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 12 January 2009
BUY BACK: First Gulf has bought back 7.43 million shares so far. (Getty Images)
BUY BACK: First Gulf has bought back 7.43 million shares so far. (Getty Images)

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.

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

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SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

FGB.ADX

Last Price:

17.55

0.000.00%

18 Mar 2010 09:58 GMT
(Market Closed)

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