United Arab Investors acquires 10% of Optimiza shares
Optimiza (Al-Faris National / (ASE:CEBC), announced the completion of a new partnership deal that brings in United Arab Investors Co. (UAIC) as its new strategic partner. The transaction which was completed in mid January stipulates the acquisition of 10% of Optimiza’s shares that are traded on the Amman Stock Exchange by UAIC.
This partnership falls in line with UAIC’s interests in strengthening its growth by investing in the vital sectors and its strong belief in the IT sector in particular which is witnessing unprecedented growth and development. This investment also comes as a reflection of Optimiza’s continuous growth and success across the region in providing reliable business solutions and services with local support in the areas of management consulting, IT solutions and services, training and outsourcing.
UAIC’s CEO, Engineer Haitham Dahleh, reiterated his company’s vision and said: “We are very pleased with our new partnership with Optimiza, which comes to embody UAIC’s objectives in growing and developing our investments in the different sectors in Jordan and the Middle East. We believe in the Optimiza story and we see it today as a great asset that provides services to many thriving sectors in Jordan and the other key markets through its network of offices across the region that are of particular importance to us.”
On this occasion, Hazem Malhas, Optimiza CEO said, “We are very proud to have UAIC on board as our newest strategic partner. UAIC has proven to be at the forefront of investment companies that fully understand the needs of the Jordanian as well as the regional markets. We believe that this partnership fortifies our efforts in achieving our objectives and continuing our pioneering role in the development of the sector through our competitive IT solutions and services and business consultancy services.
United Arab Investors Co. is Jordan’s largest investment company with a paid-up capital of JD 147.5 million (US$ 208 million). It focuses on investment in three main sectors: financial, real estate and industrial. The company’s fundamental purpose is to consistently contribute to Jordan’s economic development by constantly offering dynamic ideas that improve its services and performance.
Optimiza is the first technology solutions and business consulting services’ company listed on the Amman Stock Exchange. 10% of Optimiza’s shares are owned by the Arab Bank while UAE based Rasmala acquired 5% of its shares during the World Economic Forum held at the Dead Sea in 2007.
- Jordan's fat cat charged: Are Haitham Dahleh's nine lives up?
- Arab Bank Joins Growing List of Strategic Investors in Optimiza
- United Arab Investors Company & Arab Corp Acquire 36.3% of the Union Bank Shares Financed through BLOM Bank
- United Arab Investors Acquires 10% of Optimiza Shares
- Optimiza Achieves 91% Growth in Sales of 2007