Flip through the latest issue of Gulf Weekly.
First Energy Bank (FEB) announced that it had achieved very good financial results in 2009 during its third annual general meeting.
FEB's profits rose to $14.2 million, while its total revenues increased to $47.41 million and total assets rose to $1.233 billion.
Chairman Esam Yousif Janahi said: "Even though First Energy Bank was only established in 2008, it is today reaping the fruits of its initial efforts. We need to look no further than the excellent results achieved in 2009, which were a direct result of the strength of the team, the soundness of the investment strategy and the strong backing of our investor base."
