Abu Dhabi's First Gulf Bank Said Raising $1 Billion Loan

Updated on
  • Lender seeking funds as bank liqudity in U.A.E. tightens
  • Syndicated loan will be first raised by FGB since 2012

First Gulf Bank PJSC, the United Arab Emirates’ third-biggest bank by assets, is seeking to raise about $1 billion from a syndicated loan to boost lending as liquidity in the economy tightens, two bankers familiar with the deal said.

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