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ITS Managing Director wins Arabian Business Arabic 'Entrepreneur of the Year'
- United Arab Emirates: Sunday, March 30 - 2008 at 08:20
- PRESS RELEASE
Khalid Faraj Al-Said, the managing director and general manager of International Turnkey Systems (ITS), has been named the 'Middle East Entrepreneur of the Year' by leading Pan-Arab business magazine, Arabian Business Arabic.
At the ceremony, Al-Said emphasized that the success of his company is attributable not just to him, but to all his employees. "It is an honor for me to receive this award, especially coming from one of the most respected business magazines in the region. I am fortunate to have been able to work with such hard-working, professional and motivated people. I am very proud of all our achievements."
Enjoying a strong strategic, operational and leadership background for over 20 years in the areas of business management, Al-Said has been instrumental in rolling out several initiatives that positioned ITS as a leading integrated information technology solutions provider.
Since assuming the leadership of ITS in 1993, Al-Said propagated a culture of quality and customer service. He played a critical role in expanding ITS' business realm to reach important sectors such as banking and finance, investment companies, communications and higher education.
Al-Said aims to achieve a 25% growth rate over the next full business cycle. Recently financial reports from ITS showed revenues of Dhs551m for the first quarter of 2008 (ended September 30, 2007) an increase of 16 percent comparing to the results in 2006.
He has also played a significant role in establishing development centers in Egypt as well as establishing three modern centers for in Jordan, the UAE and Pakistan. He also boosted the total number of employees at the company and its 19 subsidiaries to 2,000 professional employees.
"I would to thank everyone who made the Arabian Business Awards possible. I hope that such an event will inspire each of us to continue to reach for new successes and reach new horizons," added Al-Said.
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Notes and media contacts
About ITS:ITS was established in 1981 and is one of the leading companies in the Middle East in providing technology solutions to banking, telecommunications, higher education and other sectors. With a pool of 1700 highly qualified and skilled IT professionals spread across 21 major cities worldwide, the company acquires the largest market share (75%) in the Islamic banking sector.
For media requests, please contact:
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Phone +971 (4) 337 2824
P.O. Box 29764
Dubai, United Arab Emirates
Fax +971 (4) 337 2825
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Posted by Anne-Birte Stensgaard, Senior News Editor
