Alshamel International announces new shareholder |
|
Leading Saudi Travel Company acquires 30% of Alshamel
DUBAI, United Arab Emirates, 8 May 2008 - Alshamel InternationalAlshamel International
, the only solely-owned regional travel company in the Middle East, is pleased to announce that Al Tayyar Travel GroupAl Tayyar Travel Group is now a 30% shareholder in Alshamel InternationalAlshamel International. This new share holding agreement will give both parties opportunities to strengthen their presence in the markets in which they both operate.
The strategic alliance between the two groups is based on a shared vision, which will eventually unify their work processes through working with preferred associates and their affiliated branches all over the territories. By engaging the companies at the business resource, technology and marketing levels, the alliance will allow both companies to drive new growth opportunities and offer added value to their customers.
"The Middle East travel industry is becoming a very competitive market and it is Alshamel InternationalAlshamel International's intention to lead the field through strategic partnerships; to increase our presence in the region, by expanding our reach into Saudi which will allow us to achieve the primary goal - adding value to our offering and ensuring our clients of world-class services," said Derin Cameron, Chief Executive Officer, Alshamel InternationalAlshamel International.
Al Tayyar Travel GroupAl Tayyar Travel Group is the largest travel organization in the Middle East, founded in 1979; it ranks number 24 among the top 100 Saudi Companies. The group has more than 220 branches in KSA and 10 subsidiaries overseas, in Canada, UAE, Egypt, Sudan, USA, Malaysia, India and Thailand.
"We look forward to a harmonious future as two of the Middle East's most respected travel brands join forces to set new standards of excellence in regional travel," Cameron added.
Alshamel InternationalAlshamel International Holding Company was established in 1996 in Kuwait and has a capital over KWD 3.000.000 (USD 11.000.000). It is a Kuwaiti company enlisted in Kuwaiti Stock Exchange - Parallel Market.
-Ends-
About Alshamel International
www.alshamel.com
Alshamel InternationalAlshamel International is the parent company of four main divisions: Travel and Tourism ( Corporate and Leisure Travel Management), Alshamel Holidays (B2B/Wholesale), SWITCH (Travel Technology) and Alshamel Agencies (currently representing Delta Air Lines, Jet Airways, United Airlines, bmi, Qatar Airways Holidays, SOTC, swisstours and Radisson SAS Hotels in one or more of its regional offices.)
Alshamel InternationalAlshamel International is the number one travel agency in Kuwait, with a sales volume of around US$ 400 million dollars per annum, and aims to be the leading travel services provider in all markets it operates in.
For further information, please contact:
Nicki Page
Executive Director
Fusion Marketing Management LLC
Tel: +971.4.3912149
Fax: +971.4.3918402
Email: npage@fusion-mgt.com
Philip C Hedges
Corporate Communications Director
Alshamel InternationalAlshamel International
Tel: +965 2976666
Fax: +965 2976682
Email: Philip.hedges@alshamel.com
© Press Release 2008
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Nissan Motor Egypt | Egypt | Transportation Products |
| KIA Motors Saudi Arabia | Saudi Arabia | Transportation Products |
| Ministry of Health - Saudi Arabia | Saudi Arabia | Ministries and Municipalities |
| Al Rashid Trading and Contracting Company | Saudi Arabia | Construction and Design |
| Al Azizia Panda United Company | Saudi Arabia | General Retailers |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Saudi Arabian Oil Company | Saudi Arabia | Oil |
Projects
| Project Name | Country | Sector |
| Ras Girtas Power Company - Ras Girtas IWPP | Qatar | Power and Water |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2) | Saudi Arabia | Oil and Gas |