Sunday, 22 November 2009 | 05:08 UAE time
COMPANIES
First Gulf Bank
- 18.60 Last
- -0.30 (-1.55%) Today's Change
- 120,722 Volume
- 7.05-19.40 52 Week Range
- +7.35 (+65.33%) 52 Week Change
COMPANY DESCRIPTION
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.
KEY INFORMATION
Industry
Asset Management, Commercial Banks, Commodity Brokers, Investment Banks, Investment Funds, Stock Brokers
Address
First Gulf Bank Building, Al Khalidiya Street, 6316, Abu Dhabi, UAE
T
971 2 6816666
F
971 2 6813727
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 1979 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Tahnoon Bin Zayed Bin Sultan Al Nahyan | individuals | 5.6 | UAE |
PORTFOLIO
| Name | Country |
|---|---|
| Aseel Finance | UAE |
| First Gulf Financial Services | UAE |
| First Gulf Libyan Bank | Libya |
| First Merchant International | UAE |
| Green Emirates Properties | UAE |
| Mismak Real Estate Property Development Holding Company | UAE |
| Radman Properties Company | UAE |
| Reem Finance | UAE |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Hazza Bin Zayed Al Nahyan | Chairman |
| Tahnoon Bin Zayed Bin Sultan Al Nahyan | Vice Chairman |
| Ahmed Ali Al Sayegh | Board Member |
| Ahmed Darwish Dagher Al Marar | 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 |
| Arif Shaikh | Chief Credit & Risk Officer |
| Karim Karoui | Head of Business Planning & Financial Control |
| George Abraham | Head of Corporate Banking |
| Amit Wanshoo | Head of Retail Banking Group |
| Hana Al Rostamani | Strategic Planning Head |
| Zulfiquar Ali Sulaiman | Business Support Director |
| Gopi Krishna Madhavan | Head of Human Resources |
| Shafiqur Rahman Adhami | SRVP CB FI/SYN/MNC/Oil & Energy Sector |
| Nadeem A. Siddiqui | Head of International Business |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Banks Analyst, Dubai, UAE
- Internal Audit Manager, Abu Dhabi, UAE
- Market Risk Oficer, Dubai, UAE
- Product Manager, Dubai, UAE
- Project Finance Manager, Abu Dhabi, UAE
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