FGB 3rd most powerful UAE firm: Forbes

(MENAFN- Khaleej Times) First Gulf Bank, or FGB, has been recognised as the third most powerful company in the UAE and the sixth leading bank in Forbes' Top 500 in the Arab World list. The bank was recognised for its outstanding financial performance in 2012 and solid potential for growth. Karim Karoui, the bank's chief financial officer, received the award during Forbes' Middle East VIP gala dinner held in Abu Dhabi. "Being ranked as the third most powerful entity in the UAE and the sixth leading bank in the Arab World reaffirms that we have created a winning business formula which focuses on balance sheet management, conservative risk management, customer centricity, and strong product offering," FGB CEO Andre Sayegh said.