Mubasher: Dubai-based Network International has achieved a robust growth in Saudi Arabia during the course of the previous year.
The Dubai-based information technology service management company has implemented around 680 million transactions and handling $36 billion in deal volume, the firm’s CEO said.
Network International signed two contracts, including a contract to provide Islamic credit card product services in the kingdom, Simon Mark Haslam told Arabian Business.
“It [Saudi Arabia] obviously has the largest population in the GCC, and has one of the highest gross domestic product (GDP) growths, we feel there is an opportunity for us to bring our technology and know-how with respect to payments into that market,” the CEO added.
The payment solutions’ provider is currently operating business in Africa, the Middle East, and other 50 markets.
Emirates NBD bank holds a 51% in Network International, while the international investment companies Warburg Pincus and General Atlantic own the remaining 49% stake.
