The multimedia player doesn’t use spyware or user tracking to read browsing history, emails, or location. Since most users are concerned about privacy issues, VideoLAN has tried to make the app safe and secure. It can import images from your device as well as synchronize with the Windows Media Player to display all the files in one place. The application also lets you install extensions for a smoother viewing experience. For instance, you can use the skin editor to create a new look or choose from preset options instead. VLC is a feature-packed program, which supports multiple customization options. You can choose from different skins, depending on your mood and preferences. With its simple and clean interface, the platform lets you customize the control panel to give the program a personal touch. VLC Media Player is available on various platforms As such, you can use the popular media player on several devices. Philips has been present in the KSA since 1935 and in 2012 announced a joint venture with Al Faisaliah Medical Systems to sell Philips Healthcare solutions and services in the country.Packed with features and fully customizable GLC was established in 1978 and developed itself into a leading lighting company in the KSA. It will help to stimulate economic growth in the region and support the ambition of the KSA to strengthen local manufacturing. The joint venture will employ approximately 1,300 people. The venture will focus on LED products, systems and services for the entire lighting market and will manufacture and distribute professional LED lighting fixtures throughout the entire value chain. The partnership with GLC builds on Philips’ strategy to serve the needs of local markets. “By partnering with Philips, GLC will benefit from “best in class” lighting innovations and from an extensive lighting know-how and services, which will rapidly strengthen GLC’s “energy efficient” Lighting propositions for the great benefit of the Saudi Arabia market” said Abdullah Ibrahim Al-Hobayb, Chairman of GLC group”. GLC has a leading position in the KSA market, with a strong mix of projects, distribution and retail channels which puts it in an excellent position for the future to benefit from the very ambitious Saudi Arabia Economic Development plan. GLC’s strong local market knowledge and meaningful customer insights, combined with our technological innovations, will enable us to create highly sustainable solutions that support the Kingdom’s vision to reduce energy consumption in the country.” “As a global leader in energy efficient LED lighting products, systems and services we look forward to joining forces with GLC to provide innovative, meaningful and energy efficient solutions. We expect LED penetration in the KSA to achieve strong double-digit growth by 2018, driven by investments in public and private infrastructure,” said Eric Rondolat, CEO of Philips Lighting. “By partnering with GLC, Philips will be able to grow its business in this important market, particularly in relation to LED lighting. Closing of the proposed transaction is subject to customary regulatory approvals and other closing conditions and is expected to be later this year. Alliance is the holding company managed by Abdullah Al-Hobayb (founder and chairman of GLC) and will be the JV partner with a 49% stake. Philips’ current Lighting activities in the KSA will be combined with GLC forming the joint venture that will be named Philips Lighting Saudi Arabia. Under the terms of the agreements Philips will acquire 51% of GLC for a total amount of $235 million (on a cash-free, debt-free basis) plus additional transaction costs. The KSA lighting market is forecast to grow substantially in the period 2014 - 2018, driven by targeted spending on construction, and government and private investments in energy efficient lighting initiatives. It will also bring together Philips expertise in LED technology and the benefits of its global supply base with GLC’s deep local market knowledge and strong commercial capabilities. It will provide a full range of LED lighting solutions and strengthen Philips’ footprint in the region, while creating growth opportunities in sustainable technologies to support the government’s objective to reduce energy consumption. The joint venture will be a leading lighting player in the KSA, the largest economy in the Middle East by GDP. (“Alliance”), the Hejailan Group, and The Carlyle Group. Amsterdam, the Netherlands and Riyadh, Kingdom of Saudi Arabia – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in lighting, today announced that it has entered into agreements to acquire 51% of General Lighting Company (“GLC”), a major lighting company in the Kingdom of Saudi Arabia (“KSA”), from a consortium of shareholders that include Alliance Holding Ltd.
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