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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

First Gulf Bank to buy back 10pct share

Posted on 04 January 2010

From Tradearabia.com: Abu Dhabi’s First Gulf Bank obtained the approval of the UAE markets regulator for an extention on plans to buy back 10 per cent of its shares, a statement on the Abu Dhabi bourse website said on Sunday.

The bank requested an extention of one year. ‘The approval is granted to the bank in order to complete the buyback of 10 per cent of the bank’s capital,’ the statement said……………………………………Full Article: Source

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