ArabianBusiness.com - Middle East Business News
Thursday, 26 November 2009 23:14 UAE time

YOUR DIRECTORY /

| Share |

First Gulf Bank buys back 1.28mn shares at $1.92

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Thursday, 22 January 2009
LIQUID THIRST: Shares of First Gulf closed at $1.86 on Thursday. (Getty Images)
LIQUID THIRST: Shares of First Gulf closed at $1.86 on Thursday. (Getty Images)

First Gulf Bank bought back 1.28 million shares at 7.06 dirhams ($1.92) on Wednesday under a share buyback scheme, the Gulf state's stock market regulator said on Thursday.

In November, the bank won approval to buy back up to 10 percent of its shares within 12 months.

It has bought 11 million shares to date and Wednesday's purchase represented 0.09 percent, the Securities and Commodities Authority said in a statement on the bourse website.

Story continues below ↓
advertisement

Shares of First Gulf closed at 6.84 ($1.86) dirhams on Thursday. (Reuters)

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST BANKING & FINANCE

  1. Aabar enters into $1.625bn loan agreement
  2. UAE banks need to improve customer service - poll
  3. Islamic banks should target female market - report
  4. Abraaj Capital issue is fully subscribed
  5. UAE withdrew from monetary union for 'fundamental reasons'

TOP MIDDLE EAST BUSINESS STORIES

  1. Abu Dhabi transport chiefs give Eid gift to motorists
  2. Emirates 'forced' to raise fares on some German routes
  3. Daman gets tough on healthcare fraudsters
  4. NASDAQ Dubai chairman resigns
  5. Kuwait firms coping amid global crisis - Ernst & Young

ALSO IN MIDDLE EAST BANKING & FINANCE

  1. Cost of insuring Dubai's debt rises further
  2. Switching it up
  3. Morocco's red tape turns Gulf investors away
  4. Off the peg
  5. Deal sought on Dubai World, Nakheel debts

LATEST MIDDLE EAST BUSINESS NEWS

  1. Politics & Economics: European bank shares plunge on Dubai debt concerns
  2. Politics & Economics: Moody's cuts Dubai GRI ratings amid debt delay
  3. Politics & Economics: Job losses seen slowing in UAE - StanChart
  4. Transportation: Abu Dhabi transport chiefs give Eid gift to motorists
  5. Banking & Finance: Cost of insuring Dubai's debt rises further

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

FGB.ADX

Last Price:

18.50

0.000.00%

25 Nov 2009 09:59 GMT
(Market Closed)

RELATED STORIES

First Gulf Bank
| 62 stories
  1. UAE's First Gulf Bank sets guidance for $500m bond
    18 Nov '09 | News
  2. Abu Dhabi banks beat Q3 profit forecasts
    22 Oct '09 | News
  3. EFG-Hermes sees value in Middle East banks
    7 Oct '09 | News

RELATED LINKS

  1. First Gulf Bank»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. First Gulf Bank

  2. Banking & Finance


CURRENCY CONVERTOR

Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 20
    26 Nov ' 09 at 20:13
    Red Devil/Sandjocky, I have also had several posts blocked over the past couple of days, posts that speak of the facts only as they...   More  »
  2. UAE real estate market has now hit bottom - analysts 05
    26 Nov ' 09 at 21:36
    Comn' AB is a yo-yo when it comes to news.People forecasting good and then bad. Good and bad and then some more "experts" saying...   More  »
  3. Moody's cuts Dubai GRI ratings amid debt delay 02
    26 Nov ' 09 at 19:51
    Dubai World better change its slogan & reposition itself - Dubai LTD.   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY