Last 19.05 AED
Change Today -0.25 / -1.30%
Volume 724.0K
FGB On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 6:00 AM 09/21/14 All times are local (Market data is delayed by at least 15 minutes).

first gulf bank (FGB) Snapshot

Open
19.30
Previous Close
19.30
Day High
19.30
Day Low
19.05
52 Week High
09/18/14 - 19.30
52 Week Low
10/20/13 - 12.31
Market Cap
74.3B
Average Volume 10 Days
1.7M
EPS TTM
1.35
Shares Outstanding
3.9B
EX-Date
03/6/14
P/E TM
14.1x
Dividend
0.77
Dividend Yield
4.04%
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

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

first gulf bank (FGB) Key Developments

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.

First Gulf Bank Announces Plans for Expansion in China and Indonesia

First Gulf Bank announced that the bank has plans for expansion in China and Indonesia.

First Gulf Bank PJSC Reports Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2014

First Gulf Bank PJSC reported unaudited consolidated earnings results for the second quarter and first half ended June 30, 2014. For the quarter, the company reported net interest and income from Islamic financing income was AED 1,646.7 million against AED 1,474.7 million a year ago. Operating income was AED 2,287.8 million against AED 2,017.9 million a year ago. Profit from operations before impaired assets charge and tax was AED 1,756.2 million against AED 1,601.6 million a year ago. Profit before taxation was AED 1,364.0 million against AED 1,183.3 million a year ago. Profit attributable to equity shareholders of the bank was AED 1,350.0 million or AED 0.35 per basic and diluted share against AED 1,166.8 million or AED 0.28 per basic and diluted share a year ago. The increase in net interest income was primarily the result of improving net interest margin at 3.7% and higher loan balances as loans and advances grew 4% during the quarter. For the half year, the company reported net interest and Islamic financing income was AED 3,247.4 million against AED 2,849.4 million a year ago. Operating income was AED 4,539 million against AED 3,892.9 million a year ago. Profit from operations before impaired assets charge and tax was AED 3,532.3 million against AED 3,090.4 million a year ago. Profit before taxation was AED 2,703.9 million against AED 2,238.8 million a year ago. Profit attributable to equity shareholders of the bank was AED 2,680.4 million or AED 0.68 per basic and diluted share against AED 2,212.6 million or AED 0.54 per basic and diluted share a year ago. Return on average equity was 17.2% against 15.2% a year ago. Return on average assets was 2.7% against 2.5% a year ago. Net cash used in operating activities was AED 3,741.6 million against net cash from operating activities of AED 5,393.4 million a year ago. Purchase of property and equipment was AED 120.5 million against AED 188.9 million a year ago. Additions to investments properties were AED 261.8 million against AED 114.3 million a year ago.

 

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FGB Competitors

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Company Last Change
Abu Dhabi Commercial Bank PJSC 8.55 AED -0.29
National Bank of Abu Dhabi PJSC 14.85 AED -0.55
Riyad Bank SR21.59 SAR -0.01
Samba Financial Group SR48.91 SAR -0.29
Saudi British Bank/The SR62.63 SAR +0.69
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Industry Analysis

FGB

Industry Average

Valuation FGB Industry Range
Price/Earnings 14.6x
Price/Sales 10.5x
Price/Book 2.4x
Price/Cash Flow 14.4x
TEV/Sales 3.8x
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