Khalijia Invest selects Path Solutions’ iMAL

24 November 2008

Path Solutions, a global leader in the provision of IT solutions for the banking industry and Khalijia Invest, one of the foremost Saudi investment companies today announced that Path is to provide its award-winning solution iMAL to Khalijia Invest so it can manage its clients’ portfolios and investments more effectively.

Khalijia Invest is a new customer for Path Solutions and it is expected that Path will implement state-of-the-art technologies to enhance the company’s operational performance, automate its business processes and sustain and develop its image as a customer-centered one.

Hamoud O. Al Rumayan, Khalijia Invest General Manager said: “Khalijia Invest is keen to apply best practices and superior services for customer satisfaction. Moving closer to our customers reiterates our commitment to service excellence and world-class operational standards. We are confident that with iMAL, Khalijia Invest will insure highly efficient operations and hence can maximize profitability, improve customer service, and reduce costs”.

The iMAL implementation at Khalijia Invest will cover all business modules required for investment operations. It will also include the integration with Aswaq as well as interfacing with Reuters.

Nazzem Yaghmour, EVP Business Development at Path Solutions commented: “Path has received awards on a consistent basis for its technical expertise and business know-how in the global finance industry. We are pleased to bring in knowledge and value to Khalijia Invest”.

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