Monday 30 November 2009

First Gulf Bank Denies Dubai Exposure Reports




The CEO of FGB has denied his bank has exposure to Dubai World in the amount mentioned in press.

You'll recall a previous post at SAM which quoted Maktoob that FGB had AED 5 billion (US$1.36 billion) in exposure.

Another chap no doubt worried that his customers may be a bit nervous when the doors open for business tomorrow.

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