Jordan: Optimiza sales surpass JD25 million |
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AMMAN (JT) - Optimiza (Al Faris National Investments)Optimiza (Al Faris National Investments)
announced in a press release this week that its 2008 revenues reached JD27 million by the end of August 2008, exceeding the JD25 million target that the company had set for the entire year of 2008. This reflects a growth rate of more than 92 per cent compared with last year, noting that Optimiza's sales for the whole year in 2007 were JD13 million, the company's press statement indicated. It is expected that by the end of the current year, Optimiza will achieve sales that exceed JD35 million, which is more than 170 per cent growth compared to last year's sales. This major growth in sales came as a result of the completion of the mergers and acquisitions by Al Faris National InvestmentsAl Faris National Investments
of nine local and regional companies, and the organic growth of these companies. In addition, the company had concluded the acquisition of 70 per cent of Royah in Saudi Arabia as a strategic step to expand its operations in one of the biggest IT markets in the Arab world, and in line with the company's vision to become one of the largest IT firms in the Middle East. According to the press release, Optimiza signed several contracts during 2008, which covered all of the main sectors that the company caters to, most notably Saudi TelecomSaudi Telecom, MobilyMobily and Jordan TelecomJordan Telecom in the Telecommunications sector; Union Bank (Jordan)Union Bank (Jordan) and Riyadh BankRiyadh Bank in the banking sector; Ministry of Justice and Social Security Corporation (Jordan), Jeddah Municipality, Saudi PostSaudi Post, and Abu Dhabi Tourism AuthorityAbu Dhabi Tourism Authority in the government sector; Ministry of Education (Jordan)Ministry of Education (Jordan) and Supreme Education Council (Qatar) in the education sector; MedLabs, Department of Health and Medical Services (Dubai)Department of Health and Medical Services (Dubai) and Al-Basra General Hospital in the healthcare sector; and United Arab InvestorsUnited Arab Investors, Nuqul GroupNuqul Group, and Hikma PharmaceuticalsHikma Pharmaceuticals in the enterprises sector.
© Jordan Times 2008
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