Dubai, United Arab Emirates – 27th November 2019 – Seed Group, owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, today announced that it has completed a strategic partnership agreement with Alhamrani Universal (AU), a member of the Alhamrani Group based in Saudi Arabia, and the market leader in banking technology solutions in the Kingdom of Saudi Arabia.
Alhamrani Universal is the largest financial technology provider in the self-service banking industry in the Middle East. The partnership will leverage on Alhamrani’s almost four decades of payment technology experience and expertise to add value and contribute to the government’s efforts to further develop technology solutions of the banking and payment industry in the United Arab Emirates (UAE).
“A company that has been running for more than three decades has a lot to say about the efficiency and effectiveness of the solutions that they bring, so we’re more than excited to lock this partnership down,” said Hisham Al Gurg, CEO of Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. “This strategic partnership provides the UAE with an important opportunity to address a particular challenge for the banking sector and ultimately make sure our banks are given the same profound domain expertise, increased control and technical advantages Alhamrani offer to its customers today.”
Alhamrani, partnering with Seed Group, seeks to further raise the standards for automated and self-service solutions of the banking and non-financial institutions while increasing its shareholder value for its business in the UAE.
“We are so delighted and honored to partner with Seed Group, and we are positive that this partnership will not only benefit both institutions but moreso contribute to realize the full potential of the self-services banking and payment industry in the UAE market,” said Tariq Abdat, CEO of Alhamrani Universal.
The official signing ceremony took place at the Private Office of Sheikh Saeed bin Ahmed Al Maktoum Dubai’s office on November 25, 2019. Alhamrani reiterated its commitment to realizing the real digitization potential of cashless societies in the near future.
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About Alhamrani Universal: Interview with CEO Tariq Abdat
About Alhamrani Universal
Alhamrani Universal (AU) is the largest fintech solutions provider in the self-service banking industry in KSA. AU pioneered EMV payments and provides end to end security solutions in the physical and digital world. Building on its legacy since 1981, it has achieved a reputation for providing innovative, high-quality solutions and support services in the financial, retail and security industries. With one of the most experienced management teams in the industry, AU employs over 850 professionals with over 70% of these in the technical, professional and field services spread across the most comprehensive service and logistics infrastructure of 45 service centers. For more information, visit https://universal.com.sa/.
About Seed Group
Over the past 16 years, Seed Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East & North Africa (MENA) region through the support and strong base of regional connections of the Seed Group. The Group’s goal is to create mutually beneficial partnerships with multinational organizations and to accelerate their sustainable market entry and presence within the MENA region. Seed Group has been a key point in the success of all its partners in the region helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria. For more information, visit www.seedgroup.com.
Alhamrani Universal Media Contact
+966 12 606 5555 ext. 1217
Seed Group Media Contact
Nomarie Jean Lacsamana
+971 4 373 5068
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