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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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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