In recognition of its continued success and achievements, Forbes Middle East magazine has placed FGB 8th overall, and named it as the 4th leading bank (2nd in the UAE) in its ‘Top 500 companies in the Arab World’ rankings. The bank is also one of only 26 ranked organisations to have been honoured with an exclusive award within the banking category which was presented to FGB at a ceremony held in Dubai this week.
The ranking of the top 500 companies in the Arab world is based on an in-depth study into the market capitalisation, total revenue, net profit and total assets of companies listed on stock exchanges across the region and builds on Forbes' Global 2000 list, which highlights the most successful publically-listed companies across the globe.
The awards ceremony, held at the Jumeirah Emirates Towers hotel as part of a gala dinner event, was organised by Forbes Middle East in partnership with investment banking firm, The Investor for Securities, to acknowledge the region’s most successful enterprises and companies that are cultivating homegrown Arab talent and contributing to the region’s success on the international stage.
André Sayegh, CEO of FGB, said: “This prestigious recognition from Forbes highlights our position as one of the UAE’s leading banks and reflects our impressive financial results and ability to fulfil the requirements of the markets we operate in. We’ve now received six awards so far this year, which encourages us to continue improving our performance and developing FGB services and products to meet the needs of our customers and the local community. As we work to support our growth with expansion across the business, we expect FGB to continue on its positive journey to “Be First” for customers and to achieve its goals throughout 2014 and beyond.”
The news follows two award-wins for FGB in both the 2014 Banker Middle East Industry and the 2014 Banker Middle East UAE Product Awards, along with recognition for the bank at the 2014 MENA Insurance Awards ceremony in January, where FGB was named ‘New Market Trailblazer of the Year’.