Abu Dhabi Financial Group to acquire FGB brokerage unit | The National:
"FGB plans to sell its 45 per cent stake in a brokerage to Abu Dhabi Financial Group (ADFG).
A unit of ADFG, Integrated Financial Group, has signed an agreement to buy the FGB’s 45 per cent stake in First Gulf Financial Services (FGFS). FGB company did not disclose who holds the remaining shareholding or the value of the sale.
ADFG is a multibillion-dollar alternative investment firm. It also owns Abu Dhabi Capital Management, which hived off its hedge fund Qannas Investments on London’s AIM market in 2012."
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