News In Brief

New JV for Oumolat and SICPA

Oumolat Security Printing, owned by the Central Bank of the United Arab Emirates (CBUAE), has entered into a strategic partnership with SICPA to print enhanced tax stamps and track activities through the integration of advanced technologies.

The agreement aims to bolster the existing collaboration between Oumolat and SICPA, from the enhancement of banknote features to the provision of high-security printing solutions.

As part of the agreement, the two will establish a joint venture (JV) under the name O&S Security Solutions, to be incorporated in the UAE. The JV combines Oumolat’s integrated security and protection systems with SICPA’s high-security inks, authentication, and traceability systems.

O&S Security Solutions will produce and supply enhanced tax stamps in addition to solutions that safeguard tax collection services, among others, both locally and globally.