QIL : Qannas investing in new financial services company
Qannas Investments is spending $20.4m to acquire up to 50% of a new financial services company, Integrated Financial Group. Integrated Financial Group is being set up to acquire First Gulf Financial Services LLC (in the course of being renamed Integrated Securities), which is in the business of trading securities on the Abu Dhabi and Dubai stock exchanges; and Integrated Capital PJSC, a fully licensed, UAE central bank-regulated investment company.