Last 18.75 AED
Change Today 0.00 / 0.00%
Volume 1.3M
FGB On Other Exchanges
Abu Dhabi
As of 5:33 AM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

first gulf bank (FGB) Snapshot

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Day High
Day Low
52 Week High
09/18/14 - 19.30
52 Week Low
10/20/13 - 12.31
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for FIRST GULF BANK (FGB)

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first gulf bank (FGB) Details

First Gulf Bank PJSC provides various banking and financial services. It operates through Wholesale Banking Group, Treasury and Global Markets, Consumer Banking, and Real Estate segments. It provides various consumer banking services, including current and savings accounts, fixed deposits, and call accounts; personal and auto loans, mortgages, and loans against shares; credit cards; Emarati Al Awwal Islamic certificates; housing loans; bancassurance products; installment loans, trade facilities, labor guarantee, bank guarantee, performance bonds, and business cards for small businesses; safe deposit lockers; wealth management products; and mobile and Islamic banking services. The company also offers business banking products, such as business accounts, cash management, payroll services, foreign exchange and treasury services, working capital financing, short term loans, trade finance, and corporate Internet banking services; transaction banking products; integrated solutions to multinational businesses; financial services to government and semi-government entities, oil companies, and local investment companies; and syndications. In addition, it is involved in the acquisition, leasing, brokerage, management, and resale of real estate properties; and provides investment products, such as global and GCC equities, fixed income instruments, hedge funds, private and international equities, and forex and future trading. Further, the company offers treasury products, including corporate FX and derivatives, and structured products advisory services; and money market products, such as special deposit rates for large treasury deposits, repo and reverse repo, forward rate agreements, credit default swaps, and credit link notes. It has branches and representative offices in Abu Dhabi, Dubai, Ajman, Sharjah, Fujairah, A1 Ain, Ras A1 Khaimah, Singapore, India, Qatar, and Hong Kong. The company was founded in 1979 and is headquartered in Abu Dhabi, the United Arab Emirates.

1,452 Employees
Last Reported Date: 02/3/14
Founded in 1979

first gulf bank (FGB) Top Compensated Officers

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Executives, Board Directors

first gulf bank (FGB) Key Developments

FGB Announces New Insurance Product

FGB announced that it is launching a new insurance service for UAE residents, which offers a year-long protection plan for their smartphones and tablets. Gadget Protect provides coverage for a range of circumstances which would not be covered by most extended warranties, such as theft and accidental damage, and will be launched during Gitex Shopper 2014. With the increased use of smart gadgets, residents have become more aware about the importance of securing their purchases. A recent survey by Kaspersky Consumer Security Risks revealed that around 35% of gadget users in the country reported lost, stolen or damaged devices from 2013 to 2014 adding that these incidents pose a serious risk as customers commonly use their smartphones to store personal data, photos and other content. FGB identified a market need for an insurance product which was tailored specifically for smartphones and tablets. Gadget Protect insures products worth up to AED 3,000, covering the cost of repairs and replacements for various circumstances not covered by the manufacturer’s warranty, including cracked screens and liquid damage. The policy also offers a price guarantee feature which protects against an advertised price-drop for 90 days from the date of purchase of the device.

First Gulf Bank PJSC Presents at Arqaam Capital Investors Conference 2014, Sep-22-2014

First Gulf Bank PJSC Presents at Arqaam Capital Investors Conference 2014, Sep-22-2014 . Venue: Meydan Hotel, Meydan Racecourse, Al Meydan Road, Nad Al Sheba, Dubai, United Arab Emirates.

FGB Appoints Michael Aissaoui as Head of Corporate Finance Advisory

FGB has announced the appointment of corporate finance specialist, Michael Aissaoui. In his new role as Head of Corporate Finance Advisory within FGB's Wholesale Banking Group, Michael will oversee the expansion of the bank's advisory activities for clients. Most recently he jointly led the advisory team for the merger between Aldar and Sorouh in Abu Dhabi.


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FGB Competitors

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Company Last Change
Emirates NBD PJSC 10.00 AED +0.11
National Bank of Abu Dhabi PJSC 14.45 AED 0.00
Riyad Bank SR21.00 SAR -0.11
Samba Financial Group SR47.90 SAR -0.14
Saudi British Bank/The SR61.00 SAR -0.25
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Industry Average

Valuation FGB Industry Range
Price/Earnings 14.1x
Price/Sales 10.2x
Price/Book 2.3x
Price/Cash Flow 13.9x
TEV/Sales 3.5x

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