PHOTO
Investors speak in front of a screen displaying stock information at the Abu Dhabi Securities Exchange, June 25, 2014. Stringer, Reuters. Image used for illustrative purpose only.
Abu Dhabi conglomerate International Holding Co. (IHC) on Wednesday announced the acquisition of a 55% majority stake in Reach Employment Services for 315 million dirhams ($86 million).
Reach is one of the largest market leaders for employees’ recruitment and outsourcing, serving a diverse range of government and private organizations in the UAE, IHC said in a statement to Abu Dhabi’s ADX exchange.
(Writing by Brinda Darasha; editing by Seban Scaria)
