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Sunday, November 29 - 2009

Kuwait Finance House completes implementation of Oracle Human Resources Management Systems

Oracle Corporation, the world's largest enterprise software company, announced today that the Kuwait Finance House has completed the deployment Oracle Human Resources Management Systems and Payroll modules of the Oracle E-Business Suite.

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  • Husam Dajani, Vice President, Oracle, Middle East & Africa.
    Husam Dajani, Vice President, Oracle, Middle East & Africa.
Kuwait Finance House was established in 1977 and is considered one of the world's largest and most respected Islamic Financial Services Groups, with operation in over 10 countries and number of employee's counts for more than 1600 and total assets of over $10 Billion.

The E-Business Suite modules included in the project were Oracle HRMS (Human Resources Management System), Payroll, Oracle Training Administration, Oracle Self Service and Oracle Business Intelligence. The broad implementation automates all aspects of routine human resources management and allows Kuwait Finance House to devote more time and investment to its customers and business development opportunities while enabling its employees to update and manage their own records in self-service resulting in more accurate and up to date.

Mr. Jassar Al-Jassar, General Manager, Kuwait, Finance House, said, " Kuwait Finance House is one of the largest and more geographically widespread Islamic financial institutions, so automating our human resources processes provides a single perspective on all our staffing resources across the board and allows us to shift focus from administration to strategic planning."

"We are a major financial institution operating in a very competitive field, and we are striving to offer our clients the best services possible, therefore, we have to take advantage of the latest available solutions and technology to achieve our goal, Oracle is the answer." Added Mr. Al Jasser.

Mohd Al Jallal, Kuwait Finance House Project Manager, commented on the selection of Oracle HRMS by saying, " We selected Oracle after thorough study of our needs and all available options by a panel of highly respected experts, Oracle V.11.5.9 was the only logical solution and was unanimously selected. The biggest companies rely on Oracle to simplify and streamline business processes. By choosing an integrated human resource approach, with modules covering various functions from Payroll to Training, KFH has secured long-term cost and efficiency savings."

Ahmed Qal Hoqal, HR Manager of Kuwait Finance House said, "By implementing Oracle we have increased efficiency in HR business process." On the other hand, Mohd Al Wassif, KFH HR Consultant, confirmed that choosing Oracle was a key factor in achieving the best standard available in streamlining HR business practices, which is a major objective of his department.

Kuwait Finance House entrusted Oracle's partner APPSLINK with the task of deploying Oracle Human Resources Management System, for its proven technical capabilities and its deep understanding of the KFH business.

Mohammed Muwafaq APPSLINK Oracle Practice Manager expressed his pride for being associated with Oracle and assigned by KFH to deploy Oracle HRMS by saying: "We are proud of being associated with Oracle and to be entrusted by KFH to deploy Oracle HRMS, which empowers organisations with tools to find, extract, and analyze data related to human capital. This Oracle HR intelligence readies the organisation to rapidly deploy the best resources for maximum employees productivity, satisfaction and retention. The trust KFH laid on APPSLINK will be met with a commitment and technical support from our side to ensure that KFH will get excellent return on their IT investment." Mr. Saeed Al Ibrahim, KFH IT specialist, confirmed that the selection of APPSLINK to implement Oracle HRMS was key factor in the success of this project

Husam Dajani, Vice President, Oracle, Middle East & Africa said:" The selection of Oracle Human Resources Management Systems by KFH and its deployment by Oracle's Partner APPSLINK is another proof of the success of the Oracle/Partners formula. It is also clear demonstration of Oracle's commitment to the advancement of the region and Oracle's support for its large business customer base. I am glad that KFH joined a long list of Oracle's happy HRMS customers, which includes among others, Emirates Airline, Emirates Bank Group, Bahrain Government, Dubai Chamber of Commerce, Al Bank Al Saudi Al Faransi, Arab Petroleum Investment Corporation and Riyadh Bank."

The Oracle E-Business Suite Human Resources Management family of applications automates the entire recruit-to-retire process, so organizations can align their human talent with strategic objectives. A unified data model provides a single, accurate view of human resources-related activities, including learning, compensation, and real time analytics.
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About Kuwait Finance House
Kuwait Finance House was incorporated in the State of Kuwait in1977, and is listed on the Kuwait Stock Exchange with a market capitalization of US$ 1,950 million as of 31 December 2001. KFH has an investment grade rating, and has been rated A3 by Moody's. The Government of Kuwait owns 49% of the equity, and the general public holds the remaining shares. KFH is engaged in providing Islamic banking services, and its spectrum of activities include consumer banking, real estate financing, lease financing, trade finance and portfolio investing, all of which are conducted in strict compliance with Islamic Shari'a. The Bank is the market leader in the Islamic banking industry in Kuwait, and holds an estimated 20% of the total deposit base of the country.

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