AsiaFIN subsidiary InsiteMY signs Saudi distribution deal with MENA InsiteMY
ASFH•AsiaFIN subsidiary InsiteMY signed an exclusive distribution agreement covering Saudi Arabia, with distribution rights across the Middle East and North Africa. MENA InsiteMY also secured a major Saudi bank deal, its second large banking customer in the kingdom.
1. Distribution agreement
AsiaFIN's wholly owned subsidiary Insite MY Holdings, known as InsiteMY, signed a distribution agreement with Saudi affiliate MENA Insite MY Systems. The agreement grants exclusive distribution of InsiteMY and OrangeFIN products in Saudi Arabia, with distribution rights across the Middle East and North Africa.
2. Ownership and bank deal
InsiteMY owns 30% of MENA InsiteMY, while Mohamed Obaid M Alafif holds the remaining 70%. MENA InsiteMY secured a major Saudi bank deal, marking the group's second large banking customer in the kingdom.
