First Gulf Bank

First Gulf Bank (FGB) is the UAE based financial services company. The company is principally engaged in providing corporate banking, retail banking and treasury and investment services. The company`s corporate banking services include deposit products, contractors financing, trade finance, real estate finance, lending against shares and leverage for initial public offerings (IPOs). Its retail banking services include deposit products, loan services, credit cards, safe deposit lockers, first wealth and mortgage services. The treasury and investment services of the company comprises of investment products, structured products, margin trading, money market, local equities, international equities and foreign exchange trading and advisory services. FGB also provides Sharia compliant banking services through Siraj – Islamic banking. The company provides its banking services through various branches located in Abu Dhabi, Dubai, Ajman, Sharjah, Fujairah, Al Ain and Ras Al Khaimah. The company is headquartered at Abu Dhabi in the UAE.The company reported revenues of (Untd. Arab Dirham) AED 4,957.19 million during the fiscal year ended December 2008, an increase of 37.59% over 2007. The operating profit of the company was AED 2,588.95 million during the fiscal year 2008, an increase of 89.55% over 2007. The net profit of the company was AED 3,005.25 million during the fiscal year 2008, an increase of 49.65% over 2007.