RR Donnelley Establishes Joint Financial Printing Venture in the United Arab Emirates With Al Ghurair Printing and Publishing Lt
24 October 2006 - 9:30PM
PR Newswire (US)
CHICAGO, Oct. 24 /PRNewswire-FirstCall/ -- R. R. Donnelley &
Sons Company (NYSE:RRD) has signed a joint venture agreement with
Mr. Khalid Abdulla Al Ghurair of Al Ghurair Printing and Publishing
Ltd., a member company of the Al Ghurair Group, to form Al Ghurair
Donnelley LLC. The agreement, which is effective immediately, gives
both companies exclusive access to an unmatched set of printing and
financial communications resources that extend from the United Arab
Emirates (UAE) to Asia Pacific, Europe and North America. Al
Ghurair Printing and Publishing is the leading financial and
commercial printer in the UAE, with a comprehensive print and
finishing platform in Dubai. RR Donnelley is the world's premier
full-service provider of print and related services, including a
worldwide financial printing business. RR Donnelley Financial
Services, with a network that spans 42 countries and 6 continents
to serve the world's financial centers, is the recognized leader in
Asia Pacific and EMEA for the project management and printing of
the region's Initial Public Offerings, mergers, equity and debt
offerings, and US compliance filings. RR Donnelley's Financial
Services business has passed the rigorous Type II audit of SAS 70.
"The Dubai International Finance Exchange (DIFX) has stated very
clearly that it plans to be the leading exchange in the region,
positioned as it is between Western Europe and East Asia. As
Capital markets activity increases and many of our clients
establish a base in Dubai, we consider it important to have a
significant capability in the region" said Tom Juhase, President of
RR Donnelley's Financial Services business. "By combining Al
Ghurair's printing facility with an RR Donnelley Service center, we
are able to offer local transaction management and printing." "I
believe that this exclusive agreement will benefit the corporations
planning to offer shares on the DIFX and members of their advisory
groups, such as investment banks and securities law firms, as they
gain direct access to the full global capabilities of RR
Donnelley," said Kishor Gohil, General Manager of Al Ghurair
Printing and Publishing Ltd. "Our clients will benefit from the
industry's leading composition network, virtual data rooms to
support transactional deals and electronic solutions that include
XBRL filing alternatives. This aligns perfectly with our goal to
support our clients' need for creativity, innovation, value and
control." "This joint venture gives us a strong and immediate
presence in Dubai's fast growing business and financial sectors,"
said Mark Williams, international Vice President for RR Donnelley
Global Capital Markets. "This agreement with Al Ghurair will enable
us comprehensively to target the Gulf Cooperating Council (GCC)
region with a capability to offer document creation and printing in
both Arabic and English. With Al Ghurair's distribution ability
throughout the GCC region and RR Donnelley's global network we will
be able to distribute prospectuses wherever in the world they are
required. As an industry leader in financial print, translation
services, and electronic solutions, we quickly will create value
for our clients." About RR Donnelley RR Donnelley (NYSE:RRD) is the
world's premier full-service provider of print and related
services, including business process outsourcing. Founded more than
140 years ago, the company provides solutions in commercial
printing, direct mail, financial printing, print fulfillment,
labels, forms, logistics, call centers, transactional
print-and-mail, print management, online services, digital
photography, color services, and content and database management to
customers in the publishing, healthcare, advertising, retail,
technology, financial services and many other industries. The
largest companies in the world and others rely on RR Donnelley's
scale, scope and insight through a comprehensive range of online
tools, variable printing services and market-specific solutions.
For more information, visit the company's web site at
http://www.rrdonnelley.com/ . About Al Ghurair Printing and
Publishing Ltd. Founded in 1978, AGPPH has become one of the
largest and most successful printing organisations in the Middle
East, with printing operations situated in the heart of Dubai City,
the dynamic financial centre of the UAE. Traditional products
including books, magazines, catalogues, directories, fast
turnaround financial printing and all aspects of commercial print,
plus the ability to combine products & services into innovative
and tailored integrated solutions, have fuelled the company's
success and increasing penetration of international markets. The
company's investment in the latest generation of communications
technology ensures smooth information transfer and fast response --
anywhere in the world. A highly skilled and experienced workforce
delivers a work ethic and customer service experience that is truly
outstanding. In a traditionally exceptionally demanding industry,
the skills and resources of AGPPH, together with the solid
foundations of the Al Ghurair Group, offer clients certainty in a
challenging business world. For more information, visit the
company's web site at http://www.agpph.co.uk/index.htm . Use of
Forward-Looking Statements This news release may contain
"forward-looking statements" as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Readers are cautioned not
to place undue reliance on these forward-looking statements and any
such forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date of this news
release and are based on current expectations and involve a number
of assumptions, risks and uncertainties that could cause the actual
results to differ materially from such forward-looking statements.
Readers are strongly encouraged to read the full cautionary
statements contained in RR Donnelley's filings with the SEC. RR
Donnelley disclaims any obligation to update or revise any
forward-looking statements. DATASOURCE: R. R. Donnelley & Sons
Company CONTACT: Media, Doug Fitzgerald, Senior Vice President
Marketing & Communications, +1-630-322-6830, or , or Investors,
Dan Leib, Vice President, Investor Relations, +1-312-326-7710, or ,
both of R. R. Donnelley & Sons Company Web site:
http://www.rrdonnelley.com/ http://www.agpph.co.uk/index.htm
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