First Gulf Bank
| Name | First Gulf Bank |
|---|---|
| Sector | Finance & Insurance - Commercial Banks |
| Trading | ADX |
| RIC Code | FGB.AD |
| Location | UAE |
Profile and Background
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)
Stock Performance
Market Information
| Stock | UAE Index | |
|---|---|---|
| Last Closing | AED 49 | 5339.64 |
| YTD % | 197.4% | 81.7% |
| Weekly % | 3.158% | -0.08% |
| Year High | AED 49 | 5771.11 |
| Year Low | AED 16.476 | 2938.78 |
| 52 Week High | AED 49 | 5771.11 |
| 52 Week Low | AED 10.25 | 1639.31 |
| BETA | 3.7158 | |
| Outstanding Shares | 408,844,800 | |
| Market Cap | AED 20,033,395,200 | |
| Market Cap in $ | USD $5,454,380,789 | |
| % of UAE Market | 3.40% | |
| % of Sector | 6.37% | |
| Rank by Cap | 8 |
Key Figures in '000 AED
| 2003 | 2002 | 2001 | |
|---|---|---|---|
| Total Assets | 7,233,588 | 4,983,887 | 3,444,710 |
| Shareholder's Equity | 740,874 | 661,126 | 549,544 |
| NIAT | 120,920 | 80,580 | 61,671 |
| Dividends | 38,938 | 7,488 | 7,200 |
Financial Ratios
| 2003 | 2002 | 2001 | |
|---|---|---|---|
| Assets Growth | 45.14% | 44.68% | 43.84% |
| Earning Growth | 50.06% | 30.66% | 22.74% |
| ROaA | 1.98% | 1.91% | 2.11% |
| ROaE | 17.25% | 13.31% | 12.06% |
| No. Of Shares | 389,376,000 | 374,400,000 | 360,000,000 |
| EPS | 0.31 | 0.22 | 0.17 |
| EPS Growth | 50.06% | 30.66% | 22.74% |
| Payout Ratio | 32.201 | 9.293 | 11.675 |
Valuation Ratios
| Trailing | |
|---|---|
| PE | 165.68 |
| PB | 27.04 |
| DVPS | 0.10 |
| Div Yield | 0.19% |
| EV | 3,196,776.96 |
| EV/Equity | 4.32 |
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