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Khalijia Invest selects Path Solutions' iMAL

  • Saudi Arabia: Saturday, November 22 - 2008 at 09:51
  • PRESS RELEASE

Path Solutions, a global leader in the provision of IT solutions for the banking industry and Khalijia Invest, one of the foremost Saudi investment companies announced that Path is to provide its award-winning solution iMAL to Khalijia Invest so it can manage its clients' portfolios and investments more effectively.

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Khalijia Invest is a new customer for Path Solutions and it is expected that Path will implement state-of-the-art technologies to enhance the company's operational performance, automate its business processes and sustain and develop its image as a customer-centered one.

Hamoud O. Al Rumayan, Khalijia Invest General Manager, said:
"Khalijia Invest is keen to apply best practices and superior services for customer satisfaction. Moving closer to our customers reiterates our commitment to service excellence and world-class operational standards. We are confident that with iMAL, Khalijia Invest will insure highly efficient operations and hence can maximize profitability, improve customer service, and reduce costs."


The iMAL implementation at Khalijia Invest will cover all business modules required for investment operations. It will also include the integration with Aswaq as well as interfacing with Reuters.

Nazzem Yaghmour, EVP Business Development at Path Solutions, commented:
"Path has received awards on a consistent basis for its technical expertise and business know-how in the global finance industry. We are pleased to bring in knowledge and value to Khalijia Invest."
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About Path Solutions:
Path Solutions is the 1st Banking Software Solutions' Provider to be certified by AAOIFI. It offers a wide range of AAOIFI and IAS compliant integrated solutions covering Core Banking, Customer Universal Services, Investment and Private Equity, Treasury, Funds Management and Securities Trading system in the GCC and Global Capital Markets. Services include Project Management and Business Consulting addressing the whole spectrum of the global finance industry and in specific the Islamic finance industry.

Founded in 1992, Path Solutions is headquartered in Kuwait, with a Research & Development centre in Beirut and support offices in Manama, London and Kuala Lumpur.

About Khalijia Invest:
Registered in Riyadh, Khalijia Invest (KI) is a full service investment firm chaired by HH Prince Sultan Bin Mohammad Bin Saud Al Kabeer and operated under the supervision of the Saudi Arabian Capital Markets Authority (CMA). It is owned and operated by leading Saudi Business Houses, the National Investments Company of Kuwait (NIC), Gulf Bank of Kuwait and some influential bankers.
Rana Mesbah Posted by Rana Mesbah
Saturday, November 22 - 2008 at 09:51 UAE local time (GMT+4)

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