First Gulf Bank
First Gulf Bank (FGB) (ADX: FGB) is a publicly owned bank headquartered in Abu Dhabi, United Arab Emirates and owned by several sons of the late Sheikh Zayed bin Sultan Al Nahyan. It was established in 1979 in Ajman and provides financial services across the UAE, with a wide distribution network of branches in different business & industrial areas such as Abu Dhabi, Dubai, Sharjah, Ajman, and Al Ain and is currently one of the fastest growing banks in the region. Within the UAE, it is also often known by its Arabic name Bank Al Khaleej Al Awal.
The bank offers a variety of financial services in corporate banking, treasury & investments, merchant banking and retail banking services. The bank focuses on providing financial services and solutions to different target groups in the market including private & public institutions, retail customers as well as high net worth individuals and investors in the country and the region as a whole.
After a rocky start, FGB was rescued by prominent Abu Dhabi-based investors in 1998 and then radically overhauled its senior management team in 2000. Many of today’s top management team, such as the CEO and the managing director, are from Citibank.
Read more about First Gulf Bank: Fastest-growing Bank in The Middle East, Overseas Expansion, Key People
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