FGFS

(redirected from First Gulf Financial Services)
AcronymDefinition
FGFSFixed Gear Freestyle (bicycles)
FGFSFlight Gear Flight Simulator (software)
FGFSFamily Graduated Fees Scheme (Legal Services Commission; UK)
FGFSFirst Gulf Financial Services (United Arab Emirates)
FGFSFire Control to Guidance Frame Sync
References in periodicals archive ?
In February 2015, ADFG announced that it had acquired First Gulf Bank's 45 per cent stake in brokerage firm, First Gulf Financial Services.
There are a lot of people who have been my mentors -- look at Abdul Aziz Al Ghurair (the Chief Executive Officer of Mashreq Bank), Abdulhamid Mohammed Saeed (the Managing Director and Board Member of First Gulf Bank, Vice Chairman of First Gulf Libyan Bank, Chairman of First Gulf Financial Services, Chairman of Aseel Finance, Board and Executive Committee Member of Abu Dhabi Securities Exchange, Managing Director of Reem Investment and a member of the Economic Committee of the Higher National Security Council and a member of the Board of Directors at Mubadala).
Global Banking News-March 24, 2015--First Gulf Bank finalises sale of 45 percent stake in First Gulf Financial Services
DU) has closed the sale of a 45 percent stake in brokerage firm, First Gulf Financial Services (FGFS), to Integrated Financial Group (IFG), a company managed and controlled by Abu Dhabi Financial Group (ADFG), The Khaleej Times has reported.
Abu Dhabi -- The sale of First Gulf Bank's (FGB) 45 per cent stake in brokerage firm First Gulf Financial Services (FGFS) to Integrated Financial Group (IFG), a company managed and controlled by Abu Dhabi Financial Group (ADFG), has now been concluded.
FGB, one of the leading banks in the UAE, has signed a Share Purchase Agreement (SPA) with Integrated Financial Group (IFG), a subsidiary of Abu Dhabi Financial Group (ADFG), for the sale of the bank's 45 per cent stake in its brokerage firm First Gulf Financial Services (FGFS).
Taking into account our current operational plan and the future objectives we have set for the business, we have decided to sell our 45 per cent ownership in First Gulf Financial Services to support our efforts in enhancing FGB's core banking activities both in the domestic market as well as overseas.
FGB has signed share purchase agreement with Integrated Financial Group, or IFG, a subsidiary of Abu Dhabi Financial Group, to sell its stake in brokerage firm First Gulf Financial Services, or FGFS.
Jassim Alseddiqi of Abu Dhabi Financial Group added: "The acquisition in First Gulf Financial Services represents a seminal moment in the development of IFG.