Al Faisal Holding, one of Qatar’s leading private companies, has signed a five-year agreement with SAP, the market leader in enterprise application software, to deploy SAP business solutions. These solutions will enhance the integration of Al Faisal Holding’s operations as the Group continues its strategic expansion across a number of different sectors.
Under the agreement, Al Faisal Holding will deploy business planning and consolidation (“BPC”) solutions and business intelligence (“BI”) solutions from SAP. The project is being implemented by Clariba, one of SAP MENA’s leading business partners specializing in analytics. Clariba designed the bespoke solutions package through a step-by-step consultation process with Al Faisal Holding.
Established in the 1960s, Al Faisal Holding has played a major role in the development of Qatar’s economy and infrastructure and has operations across a range of key vertical industries, including hospitality, property, construction, trading, transport, entertainment, education and services. Al Faisal Holding selected SAP’s BPC solution as it combines planning and consolidation modules, eliminating the need for separate software licences. The BPC solution will be soon implemented, providing Al Faisal Holding with increased control over planning and budgeting activities across separate companies in the Group and allowing it to optimize operations.
Once the BPC solution has been deployed, Al Faisal Holding will next year implement the BI solution, allowing the Group to create dashboards for better business insight, including support for mobile users.
HE Sheikh Faisal Bin Qassim Al Thani, Chairman and CEO of Al Faisal Holding, said: “As we expand our business operations and continue to play a key role in the development of Qatar’s economy in line with the 2030 National Vision, we need even greater insight into our business operations and to enhance the integration of the many different and successful companies that now make up Al Faisal Holding. By partnering with a global technology leader such as SAP and its partner Clariba, we can be confident that we will obtain the level of clarity needed to achieve these objectives and to maintain our market-leading position.”
Mr Gergi Abboud, Managing Director, Gulf & Pakistan SAP MENA, commented: "Al Faisal Holding is a key player in Qatar’s economic growth and its leadership team believes in leveraging a solid digital platform to execute on their growth plans. SAP’s solutions will give Al Faisal Holding real-time insight and control over its business operations, allowing faster decision-making and timely action around market opportunities in Qatar's growing economy.”
Luca Spinelli, Clariba General Manager – Qatar, added: “SAP’s solutions will give Al Faisal Holding increased control over budgeting and planning across its operations and will also help it unlock the enormous power of BI. The potential of what Al Faisal Holding can achieve with this solution is considerable and we look forward to helping the Group achieve the best results.”