ADIH European expansion commences with Geneva office opening

Officially inaugurated on 4th January at the office in Geneva, ADIH Geneva SA will cater to a client base that consists of high net-worth individuals looking for rewarding opportunities in asset management, family office services, portfolio consolidation and cost/ return control, as well as specialist advisory services for real estate and legal transactions.

The office will provide a premium one-stop shop service for predominantly Middle East investors in Geneva, providing them with convenient accessibility to ADIH's diverse portfolio of products and services.

The opening of the ADIH Geneva (SA) office, 100% owned by ADIH, is a significant milestone in ADIH's development, as it marks the start of the ADIH's international expansion outside the Middle East. Based on customer demand, ADIH's expansion plan will accommodate the needs of a large client base that resides in Europe and around the Middle East.

Once the Geneva operations are ramped up, the office will serve as a platform from which additional offices will be established across Continental Europe. The selection of Switzerland as the first point of entry for ADIH's European expansion is based on the country's stable environment and sophisticated financial services sector, its high volume of business traffic amongst Middle Eastern and international investors and its cosmopolitan and high standards of living.

ADIH Geneva SA's premises are at 13 Rue de Rhone, in an upscale district with easy access for its target customers.

The opening was attended by Rashad Janahi, CEO, ADIH, Dominique Wagner, GM, ADIH Geneva, Matthew James, COO, ADIH, as well as members of ADIH Board of Directors, VIPs and members of the financial community in Geneva.

ADIH first announced plans to open the Geneva office in September 2007, and the actual opening, after only four months of the announcement, evidences ADIH's consistent strategy of meeting timelines and achieving its deliverables.

Dominic Wagner's appointment as Geneva general manager will ensure that the office provides efficient and value-added services, as he brings substantial expertise to the company. Prior to joining ADIH, Mr. Wagner was co-founder, partner and director of Investor Services (Gibraltar) Ltd., a licensed investment dealer. He also previously held the position of deputy Head of trading at the Republic National Bank of New York in Geneva. He is a certified EFFAS Financial Analyst, with a Federal Diploma as a Financial Analyst and Portfolio Manager, and his experience of working in Geneva has equipped him with a wide network of contacts in the financial sector, as well as knowledge of local ways of doing business.

Rashad Janahi, CEO, ADIH, said, 'One of the pillars of ADIH's founding philosophy was to ensure that our products and services were easily available to our clients, regardless of their country of residence. Having established a proven track record over the past few years, ADIH is now ready to launch its international expansion into key target markets.

'The opening of our Geneva office marks a major achievement that is based on many months of strategizing. We have put in place a core team which we strongly believe will implement this strategy with professionalism and effectiveness, within the context of a global environment.'

ADIH was established in 2005 as an investment company under the supervision of the UAE Central Bank with a capitalization of AED 200 million. The company's core business lines are corporate finance, real estate, asset management, investment placement and investment products. Today, ADIH's portfolio is diverse in terms of sectors, countries and products. With a current focus on large-scale infrastructure and real estate products, ADIH has embarked upon major projects across the GCC, including Bahrain and Qatar, as well as several funds with a pan-Arab focus.