International Turnkey Systems (ITS) declares 36 per cent profit increase for 2003

"ITS was established in 1981 to be one of the first computer systems and IT specialist companies in the region," said Al Nafissi. "ITS now provides turnkey system solutions for large and mid-sized companies and institutions in the region through its offices in Kuwait, Bahrain, Qatar, Saudi Arabia, UAE, Oman, Egypt, Lebanon and Syria.

"The tremendous performance in 2003 was helped by ITS extending its reach into new markets in Iraq and Jordan and by the signing of some major agreements in the region."

ITS has provided vital information systems to institutions of higher education, specifically for registration processing in universities including American University for Technology in Lebanon, Aft College, and Al Imam University in Saudi Arabia.

The company was recently awarded the contract to supply and establish vital information systems for MTC Vodafone in Bahrain.

"ITS witnessed an increase in its client base to include 57 banks and finance institutions and 11 telecommunication companies and is a shareholder in the Zajel telecommunication company, a Kuwaiti company with expertise in providing internet services and telecommunications," said Al Nafissi.

"Currently, the company wholly owns IT SOFT bonds which is a shareholder in free zone technology systems in Egypt and specialises in programme implementation.

"The company is also finalising plans to enter the international market and is currently concentrating on providing turnkey solutions in two major sectors - banking and finance, and telecommunications."

The ITS assembly approved the annual report and financial reports prepared by the account controller for the financial year ended in September 31, 2003.