Arab Finance: Saudi Arabian Obeikan Investment Group (OIG) announced the opening of the headquarters of its digital subsidiary Obeikan Digital Solutions (ODS) in Cairo, according to an emailed press release to Arab Finance on January 19th.
This expansion in the Egyptian market comes as part of OIG's strategy to provide top-notch technologies to the business community and drive digital transformation in the country.
The Saudi group follows an ambitious plan to ramp up the digital transformation in the Arab region, with the aim to become the “Business Partner of Choice” in digital transformation in manufacturing, education, human capital management (HCM), and enterprises.
Commenting on the occasion, CEO of OIG Abdallah Obeikan said: “Today, OIG is at the forefront of manufacturing, packaging, printing, supply chain, and education. With more than 3,000 employees and $1.6 billion assets, OIG operates in 16 countries through 20 factories and 25 companies, achieving a whopping $1 billion sales volume and 22 bn packs manufactured annually.”
Founded in 1982 by the Obeikan family, Riyadh-based OIG is a leading provider of fully integrated packaging solutions in the region that has a solid foothold in manufacturing, packaging, printing, supply chain, education, and other diversified investments.