FGB issues 5-yr Sukuk to expand its Islamic operations

Bond subscriptions exceeded USD 3.8 billion, around 6 times oversubscribed 5-yr Sukuk, listed in London at fixed profit rate of 3.797% Proceeds will be utilized for Islamic general corporate purposes and to grow the Bank’s Islamic loan book First Gulf Bank PJSC, (FGB), the leading financial partner of choice in the UAE, has received excellent […]

First Gulf Bank converts AED 3.6 billion mandatory convertible bonds into 125 million ordinary shares

Bonds to be converted at a price of AED 28.8 per share New shares to be listed on ADX on February 21, 2011 New share capital adjusted to AED 1.5 billion from 1.375 billion Three-year mandatory convertible bonds issued in July 2008 First Gulf Bank PJSC, one of the largest equity based banks in the […]