G4S, the world’s leading integrated security company, specialising in the provision of security services and solutions to customers and active in 85 markets, will be expanding its Bahrain operation with an investment more than US $3 million and it will create 160 jobs in Bahrain within three years, with the support of the Bahrain Economic Development Board (EDB) and the Central Bank of Bahrain (CBB).
G4S obtained the Ancillary Service Provider – Cash Processing Services license from the CBB, where G4S will provide multiple activities, including cash management and deposit preparation, corporate/retail consolidation, processing of deposits for banks, ATM balancing, reconciliation, and administration.
The Managing Director of G4S Cash Solutions Bahrain Christos Volis said: “This expansion will enable us to provide a wide range of services to customers. The Kingdom of Bahrain has been supportive throughout the set-up process, and we look forward to benefiting from the Kingdom’s forward-looking regulations and highly developed financial services sector. We would like to thank the EDB and CBB for their support in this journey.”
Ali Almudaifa, Chief Investment Officer at Bahrain EDB said: “We are pleased with G4S decision to expand their operation in Bahrain, this is a reflection of the growth of the financial services sector.”