Khorafi Business Machines (KBM), General Marketing and Services Representative (GMSR) for IBM World Trade Corporation (WTC) - the Kuwait operation of Gulf Business Machines (GBM) - has been retained by IFIC. KBM is working with the company over a six-month period, providing professional services in the areas of consultancy and project management in order to ensure the selection and smooth and effective implementation of the new customised solution.
"Our decision to replace our existing IT systems is driven by a commitment to ensuring the adoption of best practices and the latest technology," said Mr. Mohammad Mohareb Al-Qahtany, Assistant General Manager, IFIC. "We have awarded this project to KBM based on their solid reputation and sound experience in the financial services arena."
"During the period, we will be working in conjunction with IFIC to identify all of the firm's business requirements and will be modeling a customized solution based on best practices. A tender process will follow and we will evaluate and select the most suitable vendors to provide any required solution components. KBM will also be managing the overall implementation," added Georges Kaldany, General Manager of KBM.
GBM / KBM Professional Services has a strong team of highly qualified and experienced consultants and project managers with a mastery of subject matter covering a range of industry sectors including financial services, government, education, manufacturing, oil, gas and utilities, among others. Its vast international experience and in-depth regional knowledge provide a strategic advantage and unique value to clients.
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Kuwaiti Industrial and Financial Investment Company signs contract to improve and enhance operations
- Kuwait: Wednesday, September 14 - 2005 at 13:17
- PRESS RELEASE
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Industrial and Financial Investment Company (IFIC), one of Kuwait's leading investment firms, will implement a new core IT solution, upgrading both its client services and its IT infrastructure, which will improve the firm's business processes, and enhance the way it transacts its business.
Georges Kaldany (third right), GM - KBM, with Mohammed Mohareb (third left), assistant GM - IFIC, Mohammed Al-Ghanim (left), IFIC IS manager, Mohammed Daoud (second left), PS specialist - KBM, Tamer Khatab (second right), PS specialist - KBM, and Jamal Al-Homoud (right), IFIC business development customer relations, at the signing ceremony.
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Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, September 14 - 2005 at 13:17 UAE local time (GMT+4)
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About Industrial and Financial Investment Company (IFIC):
Industrial and Financial Investments Company (IFIC) is one of Kuwait's leading investment firms. It was established in 1983 and follows a conservative strategy to invest in the industrial sector and to diversify its investments among different countries, fields and projects. The company became public in July 1996 as part of the Kuwaiti governmental privatisation process. Shares of IFIC are traded on the Kuwaiti Stock Exchange.
IFIC's broad range of services include asset management, securities trading, underwriting services, conducting feasibility studies and technical consultations, as well as establishing and managing companies and funds. More information is available at www.ific.net.
About Gulf Business Machines
With roots stretching back more than 16 years, the Gulf Business Machines' companies are General Marketing and Services Representatives (GMSR) for IBM World Trade Corporation (WTC) in the GCC excluding Saudi Arabia. Gulf Business Machines BSC provides services and support to IBM distributors. As the largest locally situated IT solutions and service provider Gulf Business Machines satisfies the technology requirements of local, regional and international businesses and governments in the region. The company's comprehensive portfolio of IT solutions and services also includes the offerings of a range of international business partners. The company offers award-winning, globally acclaimed solutions and the security of its strong regional presence, extensive reach and its unrivalled market knowledge.
Issued on behalf of Gulf Business Machines by Hill & Knowlton. For more information contact Sami Amin on Tel: +973 17533532, Fax: +973 17533370
Industrial and Financial Investments Company (IFIC) is one of Kuwait's leading investment firms. It was established in 1983 and follows a conservative strategy to invest in the industrial sector and to diversify its investments among different countries, fields and projects. The company became public in July 1996 as part of the Kuwaiti governmental privatisation process. Shares of IFIC are traded on the Kuwaiti Stock Exchange.
IFIC's broad range of services include asset management, securities trading, underwriting services, conducting feasibility studies and technical consultations, as well as establishing and managing companies and funds. More information is available at www.ific.net.
About Gulf Business Machines
With roots stretching back more than 16 years, the Gulf Business Machines' companies are General Marketing and Services Representatives (GMSR) for IBM World Trade Corporation (WTC) in the GCC excluding Saudi Arabia. Gulf Business Machines BSC provides services and support to IBM distributors. As the largest locally situated IT solutions and service provider Gulf Business Machines satisfies the technology requirements of local, regional and international businesses and governments in the region. The company's comprehensive portfolio of IT solutions and services also includes the offerings of a range of international business partners. The company offers award-winning, globally acclaimed solutions and the security of its strong regional presence, extensive reach and its unrivalled market knowledge.
Issued on behalf of Gulf Business Machines by Hill & Knowlton. For more information contact Sami Amin on Tel: +973 17533532, Fax: +973 17533370
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