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Thursday, November 12 - 2009

Optimiza acquires Gulf Electronics for Technical Solutions in the Kingdom of Saudi Arabia

Optimiza has finalised the acquisition of Gulf Electronics for Technical Solutions (G-Tech) in the Kingdom of Saudi Arabia.

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G-Tech specialises in Information Technology and delivering hardware solutions and support services to a distinctive list of clients operating in different sectors in Saudi Arabia.

Optimiza considers this step as a strategic move to consolidate its presence in the Saudi market, after having acquired Aregon consulting, with a registered branch in the Kingdom of Saudi Arabia through SAGIA. This acquisition will strengthen Optimiza's management consulting and Information Technology offerings in Saudi Arabia, and the strategic partnership with DELL.

Optimiza's CEO Mr. Hazem Malhas commented on this acquisition by saying,
"We are committed to building a strong local presence in the Saudi market in order to best serve our clients in Jeddah, Riyadh and Damam and all the areas of the Saudi Kingdom in the field of Information Technology."


G-Tech distributes "DELL" hardware products and the German Geha company audiovisual aid equipment in Saudi Arabia. Through its services and products, G-Tech has succeeded in managing and executing projects for various sectors including banking, insurance, manufacturing and distribution, government and education. The company has offices in Riyadh and Jeddah.

This acquisition falls in line with Optimiza's growth strategy of continual acquisition of local and regional companies in the fields of management consulting, IT solutions and services, training and outsourcing. It will also help Optimiza to improve its capability of serving its clients in the best way possible by maintaining local and regional presence.
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About Al-Faris (Optimiza):

A publicly-listed IT company (ASE:CEBC) with a paid up capital of US $35 million, Optimiza has established a comprehensive Middle East network that ensures reliable business solutions and services with local support in the areas of management consulting, IT solutions and services, training and outsourcing.

With 26 years' experience and hundreds of projects delivered, Optimiza's intellectual capital spans diverse industries, enabling its 350 professionals to integrate and deliver successful, innovative consulting and technology solutions, with a commitment to excellence and customer satisfaction.

Optimiza serves clients from the telecom, banking, insurance, manufacturing and distribution, supply-chain management, healthcare and government sectors, through its network of offices in Saudi Arabia, Qatar, Kuwait, Jordan, Libya and the United Arab Emirates, and a region-wide reseller base.

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