Khalaf Ahmad Al Haboor, Chairman of the Al Habtoor Group hosted a lunch for senior executives of First Gulf Bank (FGB), including the CEO André Al Sayegh, at his Magilis on Al Wasl Road on Monday, March 3, 2014. This marked the second time Al Habtoor and Al Sayegh had met.
The group included Simon Penney, Senior Executive Vice President, Head of Wholesale and International Banking; Mohanad M. Al-Borno, Group Regional Head, Dubai & Northern Emirates, Wholesale Banking Group and Moustafa Al-Khalafawy, Senior Manager, Corporate Banking Group. Also present was Sultan Al Habtoor, President, Al Habtoor Motors; Mohammed Al Habtoor, Vice President and CEO, Al Habtoor Group, other senior executives from the Al Habtoor Group and prominent members of the Dubai society.
Before the lunch, the group discussed potential business collaboration between Al Habtoor Group and FGB. Al Habtoor said, “First Gulf Bank is a UAE bank with an international reputation. It can compete with the some of the world’s best-known banks. There are a lot of synergies between the Al Habtoor Group and First Gulf Bank.”
In a note of thanks to Mr. Al Habtoor, Mr. Al Sayegh said he has “a genuine admiration” for Al Habtoor’s “incredible growth story, which is based on a clear vision based on strong fundamentals”.
First Gulf Bank is a leading bank in the UAE. It was established in 1979 and is headquartered in Abu Dhabi.