There are unconfirmed reports that Furqan Qureshi, one of the senior most employees at Si3 has moved to Wateen. Furqan is a highly respected and successful IT professional in the local industry and was the top sales person for Si3. I also hear he moved to the World Bank from some sources, but Wateen sounds like the more plausible explanation. What is for sure though is that he left Si3 recently.
Si3 has been seeing alot of flux lately in their upper ranks for the last few months now, something that does raise some questions from the rest of the industry. It is also known to have a high burn rate and heavy monthly expenses. Besides the large Dawn web portal project they got recently (I hear its been a 2 year sales cycle), they are now selling alot of hardware (without being part of an end to end solution) across the board, a more development that started 7-8 months ago. All in all, Si3 is known to have some of the best human resources in the industry working for it, and it has some very prestigious projects and several sales work is being done in the pipeline. But the company seems to be in flux for sure at this point.