Al-FARIS (Optimiza) raises 10M JD in new capital–

emerging with a solid balance sheet to match improving performance

 

Amman, December 03 2017 – Optimiza (Al-Faris National Company/ ASE:CEBC) announced that it raised its capital by 10 million Jordanian Dinars. The capital increase falls directly in line with the Company’s clear mission to become a leading Regional Technology Systems Integration company in the Middle East and North Africa (MENA).

 

The CEO of Optimiza, Majed Sifri, said “For the past few years all of the losses that Al-Faris incurred were due to financing obligations and interest payments to banks, as well as impairments. This transaction contributes directly to solidifying the Company’s balance sheet — settling most of its obligations to the banks– enabling the company to better manage its operations, growth and improve profitability”

 

The increase of the Company’s capital to JD16 million includes strong presence of Consolidated Contractors Company Ltd. Jordan, and Al Nameer Investment Company with a 15.62 per cent and 45.73 per cent stake in the company. In addition, the transaction brings in new strategic partners; Farah Capital Ltd., Mr. Said L. S. Baransi, and Arab Palestinian Investment Holding Company (APIC), as major shareholders with a 12.5 per cent, 10 per cent, and 2.2 per cent stake respectively.

Ends

About Optimiza

Al-Faris National Investment Group,  brand named  Optimiza , is a leading publicly-listed regional ICT systems integrator  (ASE:CEBC). With over 35 years of region wide technology systems integration experience and hundreds of projects delivered, Optimiza’s intellectual capital spans diverse industries, enabling over 400 professionals across the MENA region to integrate and deliver successful, innovative, and reliable consulting and technology solutions. With a commitment to excellence and customer satisfaction. Optimiza is specialized in offering business solutions and services in areas of management consulting, information technology, outsourcing, and training.www.optimiza.me

 

For more information, please contact:

Marketing & Communication

T + 962 6 5629999
F + 962 6 5629988
marketing@optimizasolutions.com