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Company News - First Gulf Bank

FGB and NBAD have Successfully Merged (2 April 2017)
Following the legal completion of the merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) on April 1, 2017, the combined bank began trading on the Abu Dhabi Securities Exchange (ADX) today under ticker symbol "NBAD".

FGB and NBAD shareholders approve merger to create UAE’s largest bank (7 December 2016)
Shareholders in First Gulf Bank PJSC and National Bank of Abu Dhabi have approved a proposed merger of the two banks, which will create the largest financial institution in the United Arab Emirates, UAE, with assets of approximately AED655 billion (US$178 billion).

FGB Launches 6th ’Nujoom’ Management Trainee Programme For Emiratis (9 October 2016)
The trainees, drawn from local and international universities, will embark on an 18-month programme which will prepare them to take on their first management appointment at the bank when they graduate.

FGB Partners With UAE Exchange To Provide Residents With Cash Advance Service (24 July 2016)
FGB has partnered with UAE Exchange to launch ’Advance’, which offers customers residing in the UAE a financial solution to meet immediate short-term cash needs at any time. As part of the agreement signed by both parties.

FGB And NBAD Boards Recommend Merger To Create The Largest Bank In The Middle East And North Africa Region (3 July 2016)
First Gulf Bank PJSC (FGB) and National Bank of Abu Dhabi PJSC (NBAD) announce today that their boards of directors have voted unanimously to recommend to shareholders a merger of the two Abu Dhabi-listed banks.

FGB Reports First Quarter 2016 Net Profit Of AED 1.33 Billion (27 April 2016)
FGB, one of the leading banks in the UAE, reported first quarter 2016 Group net profit of AED 1.33 Billion compared to AED 1.42 Billion in the first quarter of 2015. Earnings per share amounted to AED 0.29, compared to AED 0.31 for the same period last year.

FGB Announces 100 Percent Cash Dividend For 2015 At Annual General Meeting (7 March 2016)
FGB, one of the leading banks in the UAE, successfully concluded its Annual General Meeting (AGM) today at the St. Regis Corniche Hotel in Abu Dhabi.

FGB Acts As Joint Financial Advisor To NMC Health For The Acquisition Of A Majority Stake In Fakih IVF (10 January 2016)
One of the leading banks in the UAE, acted as Joint Financial Advisor on behalf of NMC Health, for the acquisition of a 51% shareholding in Fakih IVF Group for USD 189 million.

FGB Launches New Financing Package For UAE Start-Ups (27 September 2015)
FGB, one of the leading banks in the UAE, has said that it has become the first bank in the country to offer a one-stop financing solution for UAE start-ups.

FGB Named Best Bank In The UAE For Third Year In A Row And Best Bank In The Middle East (1 June 2015)
FGB has been named Best Bank in the UAE for the third year running and Best Bank in the Middle East at the 2015 Banker Middle East Industry Awards.

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