Berner, a company of experts, have been in the direct automotive and construction sales industry for over 50 years, and spreading over much of Europe on one side and as far as China on the other, will be providing its range of products to the Saudi Arabian and Kuwait markets. With a rapid expansion plan, Berner will soon be launching its Middle East operations, starting in Kuwait. This impending launch will include accepting contracts from Berner's key Middle East market, Saudi Arabia. Berner is one of Europe's leading direct sales companies, providing top-quality German-made items to businesses in the construction, woodworking, metal works and C-parts services industries. With over 9,000 employees worldwide, 5,500 of whom are dedicated solely to direct sales, Berner has been able to achieve an annual turnover of 1 billion euros. Now with a strong foothold in Europe and growing presence in Asia, Berner is turning to the Middle East and the strong Saudi market to provide their range of products. Committed to providing qualified sales representatives that will react within 24 hours, Berner's impending Kuwait-based operations will offer the same commitment and skill that has expanded Berner across much of Europe and as far east as Taiwan.
The International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the IDB Group, received a historic recognition for its ground-breaking structured Murabaha sugar trade finance deal for Indonesia when it scooped the prestigious "Deal of the Year" Award 2009 from Euromoney. In addition the ITFC also received a global corporate banking recognition, the EMEA Award for Excellence as the Best Development Financial Institution (DFI) Middle East also from Euromoney. The ITFC moved the deal structure to a higher level when it applied an innovative structured Murabaha Islamic financial product in favor of the Indonesian raw sugar refiner PT Angels Products (PTAP). Moreover this $25 million trade finance operation was described as a "runaway winner", thanks to the ITFC's role in being innovative in structuring a Shariah-compliant trade finance operation. Commenting on the two awards Eng. Hani Salem Sonbol, deputy CEO of the ITFC, said, "The ITFC designed the first of its kind structured trade finance operation in Indonesia and its innovative composition will further augment the ITFC's catalyst role in contributing to the development of markets, trading capacities for OIC member countries; in order for them to do business more effectively amongst themselves and with the rest of the world".
Leading international youth fashion brand Superdry will roll out a series of stores across Saudi Arabia over the next three years, as part of massive expansion plans across different markets in the world. The Saudi Arabia plans were revealed at the franchise signing agreement between SuperGroup PLC, owner of the Superdry brand, one of the fastest growing international retailers and wholesalers of youth fashion, and Al-Khayyat Investments LLC, a leading Dubai holding company that represents more than 150 top international brands across the Middle East. The Saudi Arabia plans are an indication that the youth fashion retail industry offers huge potential. The rollout of stores will take place over the next three years. Al-Khayyat Investments has multiple interests across retail, distribution and services sectors. The holding company manages leading retail brands like Fila, La Martina, BinSina Group of pharmacies, Degrenne Paris and Life Fitness, in addition to its Food and beverage portfolio including IL Caffe Di Roma and Burger Fuel.
ALFalak Electronic Equipment & Supplies Co., a leading provider of technology-based end-to-end solutions in the Middle East, has announced that it has received three major awards during the 2010 Symantec Middle East and North Africa (MENA) Partner Summit, which was held recently at the Park Hyatt Hotel in Dubai, UAE. ALFalak was awarded Best Volume Distributor in Saudi Arabia for the third year in a row and Best Consumer (Retail Products) Distributor in Saudi Arabia for the fifth consecutive year, while the Best Product Manager award went to ALFalak's Anthony Fernandes for the second successive year. The three major awards gave a boost to ALFalak's continuing efforts to consolidate its leadership in the Middle East region's ICT trade and distribution segment. Ahmed Ashadawi, CEO and president, ALFalak, said, "We are ecstatic and inspired with the recognition that Symantec has given to us. These awards reflect the company's commitment to deliver world-class technology solutions and help bolster the growth of our strategic partners. Rest assured, we will continue investing in Symantec products by reinforcing our professional staff and resources to help consolidate our leadership in the Middle East region. Moreover, these awards will serve as inspiration for us to pursue more growth opportunities with strategic partners like Symantec."
Rafal Real Estate Development Company had announced it sponsorship of The Fourth EXCS International Luxury Motor Show scheduled to be held at Hilton Hotel, Jeddah in October. This was announced during the signing ceremony between Rafal and The Specialized Systems for Exhibitions and Events Est., the firm organizing the show for the fourth year consecutively with big success. Darwish Bakeer, Rafal's CCO had stressed on the sponsorship and participation importance of this specialized and unique show, which targets the high-end of the Saudi society, which Rafal targets for its jewel community — "Burj Rafal"; and said during the sponsorship signing ceremony: "Our sponsorship opportunity forms an important step forward and time to launch our services and communities in a very special show; taking into consideration its sound and positive reputation during its last three events." Abdullah Al-Shemasi, CEO, The Specialized Systems for Exhibitions and Events Est., expressed his gratitude for Rafal's main participation and sponsorship for The Fourth EXCS International Luxury Motor Show and said: "This step from a large national company, such as Rafal, specializing in real-estate quality development, forms a unique opportunity and initiative enriching it creatively taking it into a broader step of offering a wider spectrum of luxurious products and services at EXCS; and we as the organizers are very proud of such a sponsorship and certain it'd positively impact the success, attendance and perception with a brand such as Rafal."
