The donation is in line with the bank's policy of assisting in the development of distressed or deprived communities.
"This donation comes out of our annual budget earmarked for charitable donations and the Red Crescent was chosen as beneficiary for the exemplary work it conducts throughout a vast geographical area taking in the entire Middle East, the CIS and Sub-continent," explained Andre Sayegh, Acting Chief Executive, First Gulf Bank.
"The money will be used at the discretion of the Red Crescent in which we total faith and for which we have the utmost admiration."
Sayegh handed over a cheque for Dhs 5 million to Red Crescent representative Mohammed Ibrahim Al Hammadi who commented: "The society's work worldwide is entirely dependent upon charitable organisations and First Gulf Bank, as a highly profitable institution, has clearly demonstrated its willingness to share its good fortune with others - an example of corporate good will which we hope many others will follow."
Browse
related articles
Red Crescent receives Dhs5 million donation from First Gulf Bank
- United Arab Emirates: Thursday, April 13 - 2006 at 10:40
- PRESS RELEASE
First Gulf Bank, one of the UAE's leading financial institutions headquartered in Abu Dhabi, has donated Dhs5 million to the UAE Red Crescent Society, part of the world's largest humanitarian organisation.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information from First Gulf Bank (FGB)
Notes and media contacts
For further information:Barbara Saunders,
MCS/Action, PO Box 20970,
Dubai, United Arab Emirates.
Tel: +9714 390 2960;
fax: +9714 390 8161
Posted by Janeta Novakovic, Assistant News EditorThursday, April 13 - 2006 at 10:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sun Jan 14 2007.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds