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Tuesday, 24 November 2009 14:59 UAE time

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First Gulf completes deal to buy 1.04m shares

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Thursday, 05 February 2009
MONEY WISE: First Gulf has bought back 12.69m shares under a plan approved in Nov.
MONEY WISE: First Gulf has bought back 12.69m shares under a plan approved in Nov.

First Gulf Bank said on Thursday it had bought back 1.04 million of its shares a day earlier under a buyback scheme at 7.65 dirhams ($2.08) per share.

First Gulf has bought back 12.69 million shares under a plan approved in November, it said in a statement on the bourse website.

Wednesday's purchase of shares amounted to 0.756 percent of the bank's total share capital, it said. (Reuters)

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