Al-Khaleej Training and Education Company Announces Cooperation Agreement with Huawei According to BAC Report
25 Sep 2013 • by Natalie Aster
LONDON – Earlier in September Al-Khaleej Training and Education Company and Huawei signed a cooperation agreement and a strategic partnership in the field of applications and advanced networking software, communications technology and wireless networks. The agreement was signed in Riyadh and is aimed to provide training programs on Huawei technologies and products, as well as a Datacom certificate. This will allow Huawei Technology workers in Saudi Arabia develop their skills.
Al-Khaleej has developed a successful business strategy that allows the company expand and prosper. Latest interim results reveal confident performance: revenue of SAR 164.5 M, gross profit of SAR 40.3 M, operating and net income of SAR 20.5 M and SAR 18.3 M, respectively. Annual trend is upward. For the financial year ended December 2012 Al-Khaleej revenue improved by 11.4% and reached SAR 573.6 M, gross profit increased by 7.1% to SAR 163.6 M, operating income grew by 18.9% to SAR 71.7 M, net income rocketed by 27.9% and comprised SAR 67.4 M.
Founded in 1993 and headquartered in Riyadh (Saudi Arabia), Al-Khaleej Training and Education Company is a training and education enterprise with over 80 centers across the country. Highly qualified staff which counts for more than 4000 people is able to design educational solutions for every need. The company also engages in investment activities into international and private schools, professional call centers, and universities. Al-Khaleej trades on Saudi Stock Exchange under the ticker ALKHLEEJ.
More details on the company’s activities, risk factors, business possibilities, news and experts’ forecasts can be found in the report “Al-Khaleej Training and Education Company Fundamental Company Report Including Financial, SWOT, PESTEL, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Al-Khaleej Training and Education Company Fundamental Company Report Including Financial, SWOT, PESTEL, Competitors and Industry Analysis
Date: Sep, 2013
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.