Medhat Khalil, chairman and CEO of Raya Holding, announced that to keep pace with its growth, Imar Al-Byadir, the holding company of a leading Saudi real estate and construction group, has signed an agreement for Raya’s team in Saudi Arabia to automate its operations. The contract includes Imar Al-Byadir subsidiaries, Dar Al-Arkan for real estate development, Manazel for construction, and Mamlakat Al-Taquseet for house mortgage and payment.
Tarek Zidan, director, international operations, Raya Holding stated that through this contract, Raya’s professional services and consultancy team will be implementing Oracle Financial Suite, including purchasing, inventory, projects and payroll. Simultaneously, Raya’s software team will develop an investment management module to create, track, monitor and manage investment activities in line with the Oracle financial modules. For work flow process automation of the administration department, Raya’s software team will implement its packaged product, Maestro.
Raya is headquartered in Cairo. Its Saudi branch was established in cooperation with leading Saudi businessmen, led by Abdulaziz Al-Muhana. “I am very pleased about the new partnership with Raya,” said Al-Muhana. “Not only is Raya one of the largest and fastest growing technology groups in the Middle East, but this partnership portrays a principled aspiration to promote inter-Arab business. Raya’s branch in Saudi Arabia is committed to the diligent development of its human resources, the advancement of its capabilities and to outstanding customer satisfaction.”
Arab News Compunet 3 June 2003