First Gulf Bank raises capital to to Dh409 million

ABU DHABI — The General Assembly of the First Gulf Bank has endorsed the increment of the bank’s capital to Dh409 million, by 5 per cent through distribution of bonus shares among subscribers. The assembly also agreed to distribute cash bonus by 20 per cent and endorsed financial data and general budget of the bank.

By A Staff Reporter

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Published: Fri 18 Feb 2005, 11:41 AM

Last updated: Thu 2 Apr 2015, 4:25 PM

Shaikh Mansour bin Zayed Al Nahyan, Minister of Presidential Affairs and Chairman of FGB, stated that there were various plans in stock to establish future infra structure projects while proceeding along with privatisation in all sectors, for the purpose of supporting and developing the national economy.

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