FGB AGM approves 100% cash dividend and 100% bonus shares

First Gulf Bank PJSC, leading financial partner of choice, successfully concluded its Annual General Meeting today (February 29, 2012) in Abu Dhabi. The AGM approved a cash dividend of 100 per cent of capital, as well as distribution of 100 per cent bonus shares. Buyers of FGB shares by the 7th of March 2012 are […]

FGB issues Sukuk Transaction

First Gulf Bank PJSC (FGB), leading financial partner of choice in the UAE, announced mandating each of Citi, HSBC, NBAD and Standard Chartered banks as Joint Lead Managers for its 5-yr USD 500 million Sukuk

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 […]

First Gulf Bank PJSC Q2 profit rose 2 percent

First Gulf Bank (FGB) announced its financial results for the second quarter of 2010, reporting a Net Profit of AED 787 million. This represents an increase of 2% over its Net Profit for the same quarter of last year. For the first half of 2010, the Net Profit amounted to AED 1,707 million which represents […]