VFS Global acquires Middle Eastern FMC partner, Al Etimad

ZubinKarkaria_0102-mittelVFS Global has agreed to take over 100 per cent of the Middle Eastern Facility Management Company (FMC) Al Etimad from TasHeel Group as per a binding agreement signed between both parties. Al Etimad operates as a FMC partner for VFS Global in the Kingdom of Saudi Arabia, Egypt, Bahrain, Libya and Tunisia. The Al Etimad visa operations in Pakistan are not included in the acquisition. To benefit from operational efficiencies and synergies with VFS Global, Al Etimad will be integrated in VFS Global’s operations after completion of the transaction. This will enable further development of services and solutions, and improve the overall service to the missions served and the visa applicants in the five countries.
Zubin Karkaria, CEO, VFS Global Group, “We are very pleased to take over complete ownership of Al Etimad and Vega. It will enable us to accelerate further development of the business and improve overall performance through greater integration. I would like to thank the TasHeel Group for partnering us in successfully managing the visa services operations in these five countries.”