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VCBank buys Saudi IT firm
- Saudi Arabia: Monday, May 29 - 2006 at 14:12
The Venture Capital Bank has acquired a controlling stake in the Saudi based IT solutions provider House of Development, reported the Gulf Daily News. The HOD specialises in providing document security solutions using an electronic certification and authentification solution, which can be applied to the banking and e-government sectors. The acquisition is in line with VCBank's objective of supporting SMEs.
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Jonathan Sheikh-Miller, Deputy EditorMonday, May 29 - 2006 at 14:12 UAE local time (GMT+4)
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This article was updated on Wed Dec 06 2006.
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