Sep 05 2009 |
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SEDCO Selects 3i Infotech to Streamline Operations
DUBAI -- Saudi Economic and Development Company , a Shariah-compliant private wealth management company in the Kingdom of Saudi Arabia, on Wednesday announced the selection of 3i Infotech solution to streamline its wealth, ?asset and fund ?management operations.The Jeddah-based company, known as SEDCO , is one of the largest private wealth management companies in the kingdom with more than 3,500 employees. The company has a portfolio comprising a wide variety of Islamic investment products, direct investments in private companies, and investments in the real estate sector across four continents.
"We are looking forward to working with the Saudi Economic and Development Company , and our recently established relationship is a testament to the continued encouraging response that our products and services have been receiving in the region. As a global IT solutions provider, we understand the dynamic nature of SEDCO 's business and are confident that 3i Infotech will reliably manage and support the future growth of this company," Pankaj Chawla, chief executive officer and President, 3i Infotech , Middle East, Africa, Russia & CIS, said.
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