First Gulf Bank
| Name | First Gulf Bank | |
| Sector | Finance & Insurance - Commercial Banks | |
| Trading | ADX | |
| RIC Code | FGB.AD | |
| Location | UAE |
Profile and Background
First Gulf Bank is registered in Abu Dhabi under the UAE Federal Law 8 of 1984. The bank was incorporated in 1979 as a public joint stockcompany in Ajman UAE. The bank carries on the business of commercialbanking and financial services through branches established in DubaiAbu Dhabi and Ajman.
The paid up capital was increased from AED 120 million in 1997(divided into 12 million shares, par value AED 10 each) to AED 360 million at end 1998 ( divided into 360 million ordinary shares par value 1 dirham each).
A stock split of 10 to 1 was applied during the capital increase. First Gulf Bank was last rated by Capital Intelligence BB+ for long term and A3 for short-term debts
The paid up capital was increased from AED 120 million in 1997(divided into 12 million shares, par value AED 10 each) to AED 360 million at end 1998 ( divided into 360 million ordinary shares par value 1 dirham each).
A stock split of 10 to 1 was applied during the capital increase. First Gulf Bank was last rated by Capital Intelligence BB+ for long term and A3 for short-term debts
Shareholding Groups
| Individuals | 50% |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Board Members (Listed in alphabetical order)
| Vice Chairman | Ahmed Ali Al Sayegh |
| Director | Ahmed Saif Al Nassiry |
| Director | Dhafer Sahmi Al Ahbabi |
| Chairman | H.E. Sheikh Tahnoon Zayed Al Nahyan |
| Director | Hesham Al-Sayed Ahmed Al Hashemi |
| Director | Mohammed Saif Al Mazrouei |
| Director | Saeed Khalfan Mattar Al Romaithi |
Stock Performance
Market Information
| Stock | UAE Index | |
| Last Closing | AED 26 | 5063.31 |
| YTD % |  29.121% |  -0.29% |
| Weekly % | -1.327% | -1.92% |
| Year High | AED 26.91 | 5418.77 |
| Year Low | AED 18.92 | 4472.14 |
| 52 Week High | AED 26.91 | 5418.77 |
| 52 Week Low | AED 12.35 | 3504.54 |
| BETA | 3.7759 | |
| Outstanding Shares | 1,375,000,000 | |
| Market Cap | AED 35,750,000,000 | |
| Market Cap in $ | USD $9,733,188,130 | |
| % of UAE Market | 4.22% | |
| % of Sector | 12.26% | |
| Rank by Cap | 7 |
Key Figures in '000 AED
| 2005 | 2004 | 2003 | |
| Total Assets | 26,282,466 | 12,796,800 | 7,233,588 |
| Shareholder's Equity | 7,574,120 | 1,699,047 | 740,874 |
| NIAT | 1,067,208 | 244,940 | 120,920 |
| Dividends | 250,000 | 77,875 | 38,938 |
Financial Ratios
| 2005 | 2004 | 2003 | |
| Assets Growth | 105.38% | 76.91% | 45.14% |
| Earning Growth | 335.70% | 102.56% | 50.06% |
| ROaA | 5.46% | 2.45% | 1.98% |
| ROaE | 23.02% | 20.08% | 17.25% |
| No. Of Shares | 1,000,000,000 | 389,376,000 | 389,376,000 |
| EPS | 1.07 | 0.63 | 0.31 |
| EPS Growth | 335.70% | 102.56% | 50.06% |
| Payout Ratio | 23.426 | 31.794 | 32.201 |
Valuation Ratios
| Trailing | |
| PE | 33.50 |
| PB | |
| DVPS | N/A |
| Div Yield | N/A |
| EV | 24,000,000.00 |
| EV/Equity | 3.17 |
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