NetSol Technologies, the global leasing software provider, has
signed a joint venture with Saudi Arabia’s Atheeb Group to operate
in the Middle East.
NetSol Technology will own 50.1 percent of the new software and
IT services company, while the Saudi group will own the remaining
49.9 stake.
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NetSol Technologies said that the joint venture “will focus on
market development opportunities around penetrating the software
engineering arena in key business sectors such as
telecommunications, defense and finance, among others.”
NetSol Technologies’ CEO Najeeb Ghauri said that with the JV
there would be “unlimited opportunities” for an area where his
company intended to grow, and where there was a “rising demand
for high quality software development and IT services”.
