ADFS buys 70pc stake in Egypt brokerage.Byline: Abu Dhabi Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c.
(Image: adfs.gif ) Abu Dhabi Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (ADFS), a subsidiary of National Bank of Abu Dhabi, has acquired a 70 per cent stake in Egypt's Al Salam Brokerage. ADFS has acquired 350,000 shares of the firm pursuant to the approval from the Egyptian Capital Markets Authority and the Egyptian Stock Exchange, a statement said. "This acquisition highlights ADFS's continuous efforts in improving services offered for its clients and is the first step towards the fulfilment of a wider scope of development including the modernisation of our IT infrastructure, enhancement of the company's human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and additional regional and international expansion," said the statement. ADFS remains on course, gradually fulfilling its expansion strategy in markets deemed pivotal by way of acquisition and establishment of strategic alliances with reputable and influential institutions, it said. Osama Amer, the chairman and managing Director of Al Salam Brokerage and Khaled Abdel Rahman, executive general manager of Abu Dhabi Financial Services said their new partnership will have multifaceted mul·ti·fac·et·ed adj. Having many facets or aspects. See Synonyms at versatile. Adj. 1. multifaceted - having many aspects; "a many-sided subject"; "a multifaceted undertaking"; "multifarious interests"; "the multifarious benefits to the clients of both institutions. A[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] Copyright 2007 www.tradearabia.com
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