The CEO of Abu-Dhabi based First Gulf Bank, Sayegh has an impressive list of contacts.
December 28, 2008 9:35 by kippreport
In September 2007, First Gulf Bank joined hands with Libya’s Economic and Social Development Fund (ESDF) to launch the First Gulf Libyan Bank in Tripoli; the first bank was inaugurated in November 2008. Sayegh is a board member of the new bank, and will work under its chairman, El Houderi, who is also the general manager of ESDF.
Equally owned by ESDF and First Gulf Bank, the new bank has started with a paid up capital of $200 million, paid equally by the two parties. The new bank will be fully managed by First Gulf Bank.