31.03.2009 - Two banks secure fresh capital from Abu Dhabi government
From Gowealthy.com: Two Abu Dhabi-based financial institutions, First Gulf Bank (FGB) and Abu Dhabi Islamic Bank (ADIB), have secured a total Dh6.7 billion in fresh capital from the emirate's government. FGB received Dh4.5 billion from the Abu Dhabi finance ministry and said it would convert it into Tier 2 capital, one of the most reliable form of capital from a regulator's point of view. FGB secured its money in two tranches, of Dh2.2 billion and Dh2.3 billion.....Full Article: Source