The First Gulf Bank, based in Abu Dhabi, announced that it is planning to raise its capital value to 360 million Emirati Dirhams ($100 million), reported Al-Hayat . The Executive Director of the Bank, Abdul-Hameed Saeed, stated that the capital raise, to be approved soon by the general assembly of the bank will be attained through distributing free stocks and dividends to the shareholders. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
