First Gulf Bank

First Gulf Bank was established in 1979 to provide financial services across the emirates. It oversees more than $2.72bn of shareholder equity and has grown into one of the UAE’s most established banks.

And while several banks are struggling to pay off debts as the credit crisis continues, First Gulf Bank has proven more robust than most. The Abu Dhabi bank paid off a $750m three-year syndicated loan last month, giving a “strong message of confidence” according to an EFG Hermes analyst.

Shortly after announcing the repayment, First Gulf Bank’s shares climbed 8.6 percent as fears that the bank needed government support to repay the loan were allayed. The pay-off puts First Gulf in a strong position weeks after the Abu Dhabi government injected $4.35bn into five of its banks.
More about the company
Address: First Gulf Bank Building, Al Khalidiya Street PO Box 6316 , Abu Dhabi, UAE

FGB

Joint stock

1979

Public

971 2 6816666

971 2 6813727

fgbabd@emirates.net.ae

www.fgb.ae

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Related searches

UAE's First Gulf Bank builds investment banking business

Tuesday, 4 February 2014 5:02 PM

Lender says it is hiring investment bankers to tap pickup in companies issuing debt

First Gulf Bank prices debut A$250m Kangaroo bond

Tuesday, 25 March 2014 1:17 PM

This is only the fourth Kangaroo bond from a Middle Eastern bank, and follows new issue from National Bank of Abu Dhabi

First Gulf Bank names bankers for debut Kangaroo bond

Monday, 24 March 2014 2:13 PM

Abu Dhabi bank mandates ANZ, HSBC and Nomura for first move into Aussie dollar market

UAE's First Gulf Bank expects double digit growth in 2014

Wednesday, 26 February 2014 7:35 PM

Country's second largest lender says well positioned to achieve strong performance this year

UAE's First Gulf Bank posts 13% rise in Q3 net profit

Monday, 28 October 2013 7:54 PM

Lender makes profit of $324m in third quarter, boosted by higher operating income

UAE's First Gulf Bank says no plans for Barclays bid

Wednesday, 18 September 2013 9:44 AM

UK lender is planning to sell its retail operations in the Gulf state

First Gulf Bank may bid for Barclays' UAE ops, says CEO

Monday, 16 September 2013 1:45 PM

UAE's third largest bank may make move after UK lender decides to sell retail business

UAE's First Gulf Bank posts 12% rise in Q1 profit

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Thursday, 7 March 2013 12:39 PM

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Monday, 4 March 2013 2:46 PM

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Officers »
Board of Directors Position
Hazza Bin Zayed Al Nahyan
Chairman
Ahmed Ali Al Sayegh
Board Member
Khaldoon Khalifa Al Mubarak
Board Member
Khadem Abdullah Al Qubaisi
Board Member
Abdulhamid Mohammed Saeed
Board Member
   
Management Position
André Sayegh
Chief Executive Officer
Abdulhamid Mohammed Saeed
Managing Director
George Abraham
Head of Corporate Banking
Gopi Krishna Madhavan
Head of Human Resources
Arif Shaikh
Chief Credit & Risk Officer
View all
Major Shareholders
Name Country
HH SheikhTahnoon Bin Zayed Bin Sultan Al Nahyan
UAE
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