Al Fardan Financial Services Company is launched in association with the National Bank of Egypt

The main purpose of establishing this venture is to operate as a specialized company in the area of the financial services and investments. The company will also specialize in the area of shares trading in the UAE market and that of Egypt.

In addition, the company is connected to both the Dubai Financial Market and Abu Dhabi Securities Market by an advanced electronic network.

The launch of Al Fardan Financial Services Company will contribute to supporting the growing position of Al Fardan Group, especially as the financial services sector is witnessing exceptional growth rates on regional and international levels.

The company held the celebration at its headquarters in Abu Dhabi, which was attended by His Excellency Hassan Ibrahim Al Fardan (chairman of the board of directors of Al Fardan group), His Excellency Hussein Abdulaziz Hussein (the chairman of the board of directors of National Bank of Egypt), His Excellency Fardan Hassan Al Fardan (chairman of the board of directors of Al Fardan Financial Services Company), His Excellency Mohammed Hassan Al Fardan (member of board of directors and managing director of Al Fardan Financial Services Company) and Mr Osama Hamza Al Rahma (member of board of directors of Al Fardan Group and member of the foundation and management committee of Al Fardan Financial Services Company).

Also in attendance was His Excellency Mohammed Saad Obaid (ambassador of the Arab Republic of Egypt for the UAE), many UAE-based bank managers, major investors, economists, a large number of officials and businessmen.

Following the launch, His Excellency Fardan Hassan Al Fardan, chairman of the board of directors of Al Fardan Financial Services Company, said: "The national economy is witnessing an accelerating growth in all areas.
"Establishing this company came as an evitable result of growth and development of financial services in the country and the accumulated experiences of the investment and financial activities of Al Fardan over the long years in order to provide a new qualitative addition in the area of financial brokerage services."

Mr Osama Hamza Al Rahma, member of board of directors of Al Fardan Group and member of the foundation and management committee of Al Fardan Financial Services Company, stated: "We would provide our customers with the financial services and consultancy supported by the financial analyses, real readings of financial markets and company news.

"The company has obtained the licenses necessary for starting operations at both Dubai Financial Market and Abu Dhabi Securities Market, as we use the latest systems in the area of trading worldwide.

"Moreover, the company has a well qualified technical staff as well as administrative staff members who undergo training courses on a continuous basis to enhance their experience and develop their abilities in the area of financial markets and technical analysis, which would enable them to provide the best services to the investors."

At Emirates Palace hotel, a cooperation agreement was signed between Al Fardan Financial Services Company and the National Bank of Egypt.
This agreement would provide more options for investors in the UAE and Egypt as far as dealing with financial markets in both countries is concerned.

This event was attended by His Excellency Hassan Ibrahim Al Fardan (chairman of the board and members of board of directors of Al Fardan Group), His Excellency Hussein Abdulaziz Hussein (chairman of the board of directors of National Bank of Egypt), His Excellency Dr Hani Serieddin, (chairman of the Egyptian Financial Market Authority), Mr Majed Shawqi, (Head of Cairo and Alexandria Securities Market), and His Excellency Mohammed Saad Obaid (ambassador of the Arab Republic of Egypt for the UAE).

On his part, His Excellency Hussein Abdulaziz has maintained that the National Bank of Egypt has been keen on providing the technical support throughout all phases of company establishment since it was a mere idea from the very beginning.

In this context, the National Bank of Egypt has supported the company by providing highly-qualified, professional and competent cadres for the purpose of making the company a success and enabling it to become a gigantic entity that can join Al Fardan Group of Companies.

In addition, the bank also continues to provide technical and administrative support to the company in order to sustain its growth and continue rendering its services competently and efficiently in such a manner that would cope with the dynamic and active market such as that one of the UAE.