SFS establishes subsidiary in Dubai

SFS Group Public Company Limited announced the establishment of the subsidiary company Gulflink International Securities Limited in Dubai International Financial Centre («DIFC») in United Arabic Emirates, on May 8, 2007.
Gulflink is 100% subsidiary, with initial issued capital of $250.000 and it has ensured authorisation from the competent authority, Dubai Financial Services Authority (“DFSA”) for the provision of investment services in DIFC.
The authorisation will give the possibility to the Company to arrange Credit or Deals in the sector of investments and to provide advisory services for Financial Products or credits for shares, treasury bills, warrants, rights, market shares, future contracts etc.
The operations of Gulflink constitute part of the implementation of Group’s strategic program for extension of its activities in the wider region of Middle East and Arabic Gulf. The Gulflink will ensure to the Group permanent presence in a region with big rhythms of growth that offer particular chances for growth of activities of Group in the financing and investment sector.
The activation of Gulflink is not expected to have any essential contribution in the results of the Group for the year 2007.