Inclusive Financial Solutions forms JV with Aurionpro in Saudi Arabia

  • India Infoline News Service |
  • 22 Nov, 2022 |
  • 9:16 AM
Inclusive Financial Solutions (IFS), a leading Saudi Arabia-based fintech and Aurionpro Solutions Pte Ltd, an Aurionpro subsidiary in Singapore, ink a strategic partnership agreement to establish a new joint venture company, Aurionpro MENA, to provide cutting-edge solutions to banks and fintechs in the Kingdom of Saudi Arabia.

The joint venture based in Riyadh will accelerate the efforts of IFS to further the development of financial sector in the Kingdom, which is in line with the Vision 2030. Aurionpro with its cutting-edge solutions backed by strong capabilities will work with IFS to jointly serve the Saudi Arabian market.

Adel Ibrahim Alsubeaei, Founder and CEO, IFS, said: “Aurionpro has the perfect blend of technology and capabilities that fit in our mission to redefine banking and payments in Saudi Arabia.

This agreement corroborates the vision of IFS to build strategic partnerships with specialized global experts. Aurionpro will help us introduce and localize advanced financial technologies in the Saudi market.”

Commenting on the new joint-venture, Paresh Zaveri, Chairman and Managing Director, Aurionpro Solutions Limited, said: "Aurionpro is deeply honoured with this strategic partnership with IFS. This highly disruptive and strategically important partnership, will allow us to significantly grow our presence in the MENA region.”

At around 9:16 AM, Aurionpro Solutions Ltd is currently trading at Rs344.85 per share up by Rs3.1 or 0.91% from its previous closing of Rs341.75 per share on the BSE.

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