ADFD acquires HRMS

ABU DHABI — The Abu Dhabi Fund for Development (ADFD) is set to empower its management and drive workforce efficiency backed by Oracle's industry-leading Human Resources Management System (HRMS), the fund announced yesterday.

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Published: Tue 21 Aug 2007, 9:09 AM

Last updated: Sat 4 Apr 2015, 9:23 PM

As well as being the first implementation of its kindin the region, the Oracle HRMS solution wasimplemented in a record 30 days.

The fund's main activity is to provide economic assistance in the form of confessional loans, grants or contributions to projects capitals. With more than 240 projects in 55 countries, the fund owns equities in more than 11 organisations in Egypt, Morocco, Oman, Tunisia, and Bangladesh.

"ADFD, which provides conventional development aid to Arab, African, and Asian countries, has provided over $5.7 billion in aid to over 240 projects," said Ahmed Sari Al Mazrouei, general manager, Abu Dhabi Fund for Development.

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