Commitment to support the UK’s Wholesale Cash Distribution (WCD) network: View the update

Vaultex Consulting Services and Cash Solutions (CSCL) Renew Partnership

Vaultex Consulting Services and Cash Solutions (CSCL) are very pleased to announce the renewal of their existing partnership agreement. This new agreement, which recognises the strong commercial relationship between the British and Saudi firms, was signed by Phil Vaughan, CEO of Vaultex UK and Mohammed Dhoheyan Aldhoheyan, Chairman of Cash Solutions. Mark Trevor, Commercial Director of Vaultex UK and Mohamed Alafif, MD & CEO of Cash Solutions were also present.

Cash Solutions is the leading provider of end to end cash management services in Saudi Arabia and GCC. Its knowledge and expertise is supporting central and commercial banks in the Middle East and North Africa to enhance their cash operations and deliver best-practice solutions to the market.

Vaultex is a leading UK Cash Management Company. It has supported developments in Saudi Arabia through its partnership with CSCL, helping them to provide solutions to banks in the region. The two companies have been working together since 2016 and have jointly delivered a number of high profile projects.

This combination of Vaultex’s market-leading expertise and insight into global best practice, together with CSCL’s unparalleled local sector knowledge and operational footprint, delivers a unique proposition for customers in Saudi Arabia and beyond.

Mohammed Dhoheyan Aldhoheyan, Cash Solutions Chairman thanked Vaultex for their continued support, “Together we have achieved success in a number of key projects and I am confident our partnership will continue to enable CSCL to support central and commercial banks in the GCC and North Africa region.”

Phil Vaughan, CEO of Vaultex said, “I am excited that Vaultex and Cash Solutions are extending and expanding their collaboration. I am very optimistic that the experience Vaultex can bring in cash management will be of significant benefit to CSCL and their clients.”

Mohamed AlAfif, Cash Solutions MD and CEO said, “We’re proud of the continued partnership with Vaultex which has, and will provide the best combined expertise to the regional market on all fronts. This partnership will result in more and more successful solutions going forward.”

Mark Trevor, Vaultex’s Commercial Director said, “We have been delighted by the joint successes  we have achieved in the region  and look forward to this successful partnership growing further in Saudi Arabia and beyond.“


For more information please contact and