Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Al Sayer eyes regional expansion with SAP  Join our daily free Newsletter

MENAFN - Arab Times - 10/04/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab Times) The Al Sayer Group, one of the largest and most respected conglomerates in the MENA region announced on Tuesday during a press conference held at the Radisson Blu Hotel that it has boosted its regional expansion plans with a host of cutting-edge business solutions from SAP. Present during the press conference were Al-Sayer Group IT Manager Engr Musaed S. Al-Kout, SAP Managing Director Gulf & Pakistan & MENA Gergi Abboud, SAP Country Sales Manager for Kuwait and Bahrain Rami Kichli and Dhow Information Systems Senior Sales & Marketing Manager Eyad Jibat. The event was held on the side of the one-day SAP Forum at the same venue

Engr Al-Kout outlined that the wide-ranging project encompasses all 32 of Al Sayer Group's companies, positioning it as one of the most tech-enabled and innovative entities of its kind in the region. He cited that the deal features a number of firsts as Al Sayer Group will become the first company in Kuwait to implement Business Suite on HANA, which is the only solution in the world to combine transactional applications with analytics in-memory. It is also the first to adopt SAP Dealer Business Management for its automotive operations

SAP (NYSE: SAP), as market leader in enterprise application software, helps companies of all sizes and industries run better. Founded in 1972, SAP (which stands for "Systems, Applications and Products in Data Processing") has a rich history of innovation and growth as a true industry leader. Today, SAP has sales and development locations in more than 50 countries worldwide. He added that other aspects of the deal include a full range of mobility features as well as solutions for Human Capital Management, Customer Relationship Management, Financial Accounting and Controlling, Supply Chain Management, Solutions Management and Business Intelligence

"We are expanding and diversifying rapidly both in Kuwait and in the region. Al Sayer Group is soon to become one of the region's most operationally cutting-edge conglomerates with the wide-ranging deal with SAP which includes Mobility Solutions and Kuwait's first deployment of game-changing real-time business technology," pointed out Engr Al-Kout. KPMG will work as the project's systems intgrator. SAP is also in discussions with Dhow Information Systems Co, a subsidiary of Al Sayer Group of Companies, to become an authorised SAP value added reseller. "We are a big group but we need to move fast, with precision and without compromising on quality in anyway way. SAP gives us a new level of freedom, a distinct cutting-edge and their solutions will be integral to our ongoing success across the region," he stated. Engr Al-Kout cited that innovation is in Al-Sayer's DNA as a company as they always look at new ways to improve their competitiveness and ability to deliver world-class products and services to their customers.

Now on its 60th year, Al Sayer Group's business interests currently include automotive sale and services, heavy equipment, foodstuffs, soft drinks, animal feed and financial services. The company took off when Al Sayer became the first businessman from the Middle East to visit the Toyota Motor Company in Japan in 1954. A year later, he brought Toyota to Kuwait, and in 1956, the company became a Toyota distributor for several countries in the Middle East. On the other hand, Abboud gave the attendees an overview of SAP and its cutting-edge business solutions that will help propel Al Sayer Group in its business goals and vision. He outlined that from back office to boardroom, warehouse to storefront, desktop to mobile device, SAP empowers people and organisations to work together more efficiently and use business insight more effectively to stay ahead of the competition. He explained that SAP does this by extending the availability of software across on-premise installations, on-demand deployments and mobile devices

"Having worked closely with Al Sayer Group's management behind the scenes, we know exactly what their demands are and how focused they are for the future. We are automating their entire value chain over the next three years, significantly improving their ability to expand with speed and achieve new levels of business insight. Al Sayer Group has a long history that has been driven by visionary leadership and a willingness to adapt to improve. SAP is proud to be asked to help play a part in what promises to be a huge exciting new chapter of expansion and success," concluded Abboud


Arab Times

  MENA News Headlines
 Oct 21 2016 - Loan demand in UAE to grow in Q4MENAFN
(MENAFN) The demand for lending by businesses is predicted to grow in the last quarter of this year after facing a decline from March to Sep end period.Moreover, 40 percent respondents see demand for ...

 Oct 21 2016 - Egypt's economy to grow by 3.5pctMENAFN
(MENAFN) Egypt's economy will grow to 3.5 percent in the 2016-2017 years, missing the government"s target of almost 5 percent.The country has been struggling to stimulate its economy amid severe ...

 Oct 21 2016 - Saudi's Kingdom Holding posts 38.3pct fall in profitMENAFN
(MENAFN) Saudi Arabia's Kingdom Holding recorded a 38.3 percent decline in third quarter net profit.Moreover, the firm's revenue reached USD48.0mn in the cited period, against 291.5mn riyals a year ...

 Oct 21 2016 - Pause in strikes on Aleppo holds into second day AFPGulf Times
(MENAFN - Gulf Times) A pause in Russian and Syrian strikes on Aleppo was holding for a second day yesterday, ahead of a brief unilateral ceasefire aimed at allowing civilians and rebels to quit the ...

 Oct 21 2016 - 'East Aleppo ceasefire has begun, promises safe exit'Gulf Times
(MENAFN - Gulf Times) * Syrian army says corridors opened for rebels and civilians * Rebels say preparations under way for major assault on army The Syrian military said on Thursday a ...

 Oct 21 2016 - Lebanon detains 8 Syrians for plotting attacksGulf Times
(MENAFN - Gulf Times) Lebanon has detained eight Syrians accused of plotting suicide bomb attacks at popular tourist spots and on Lebanon's United Nations peacekeeping force, Lebanon's intelligence ...

 Oct 21 2016 - Missiles fromYemen injures Saudi civiliansGulf Times
(MENAFN - Gulf Times) A number of civilians in the southern Saudi Arabian province of Jazan have been injured by missiles fired from Yemen, the Saudi civil defense unit was quoted as saying by the ...

 Oct 21 2016 - Deadly Turkish raids on US-backed Kurd fightersGulf Times
(MENAFN - Gulf Times) Turkish warplanes carried out deadly strikes on US-backed militias in northern Syria, including Syrian Kurdish fighters, a monitor said Thursday, action that is likely to raise ...

 Oct 21 2016 - Use truce to leave Aleppo, junta tells local residentsGulf Times
(MENAFN - Gulf Times) A 'humanitarian pause” in the Syrian army";s Russian-backed assault on Aleppo took effect yesterday, but despite a drop in violence there was little sign residents were ...

 Oct 21 2016 - For Kenya's child brides, school offers a break from traditionMuscat Daily
(MENAFN - Muscat Daily) Halima's future at 13 was foretold: A pastoralist's daughter, she was married to a man 12 years her senior. Next would surely come the first of many pregnancies, and a life ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help