Payment solutions provider Network International, who are based in the UAE, are moving forward with their expansion program in Saudi Arabia.
In an update that was published yesterday, the London-listed company said it aims to “recommence progress” on its Saudi Arabia entry “as soon as is practically possible.”
“Saudi Arabia remains a significant growth accelerator for the business, which we believe could become our second largest over time, requiring a total capital investment of $25M over an 18 to 24 month period,” the statement said.
For the 2020 fiscal year, the business is expecting revenue declines of around 17 to 20 per cent year-on-year.
