First Gulf Bank announced Tuesday that the Initial Public Offering (IPO) of the Sorouh Real Estate Company for AED 1,375,000,000 closed successfully as of June 6, 2005.
First Gulf Bank was the lead receiving bank and the joint lead manager for the offering. A total of 11 financial institutions, local and international banks acted as receiving institutions for the IPO.
First Gulf Bank, established in 1979 and headquarters in Abu Dhabi provides financial services across the UAE, with a wide distribution network of branches in different business & industrial areas like Abu Dhabi, Dubai, Sharjah, Ajman, and Al Ain.
