LTIMindtree Inaugurates Riyadh Office in Alignment with KSA Vision 2030

On June 11, 2024, LTIMindtree Limited informed the stock exchanges about the inauguration of its regional headquarters in Saudi Arabia’s capital, Riyadh.

The company stated this as a part of its expansion plan in the Kingdom of Saudi Arabia (KSA) and the Middle East. The opening of this office aligns with the KSA government’s Regional Headquarters Program and is remarked as a key milestone allowing the company to support, manage, and direct its strategic business initiatives in the region. This is also in line with KSA’s wider vision for 2030, which is a strategy for economic diversification, development, and growth.

The new office in Riyadh’s prominent business and lifestyle hub, King Fahd Road, was officially opened on June 11, 2024. The inauguration ceremony was attended by Dr Suhel Ajaz Khan, the Ambassador of India to the Kingdom of Saudi Arabia, Debashis Chatterjee, the CEO and MD of LTIMindtree and Tareq Amin, CEO of Aramco Digital.

Commenting on this significant expansion, the CEO and MD of LTIMindtree, Debashis Chatterjee, said, “Saudi Arabia is a key market for the future of IT, and our expansion upholds our commitment to bringing innovation here. We believe Saudi Arabia’s ambitious Vision 2030 provides an ideal framework for us to leverage our extensive technology expertise and help empower the Kingdom’s talent and technological landscape. The opening of this office is a key milestone, enabling us to support, manage, and direct our business in the MENA region.”

The CEO of Aramco Digital, Tareq Amin, said, “The new office marks a significant step forward in our shared journey towards progress. This collaboration is a testament to the growing global interest in Saudi Arabia as a hub for cutting-edge technology and talent. We look forward to this partnership’s positive impact on our economy and the opportunities it will create for our people.”

About LTIMindtree Limited

LTIMindtree Ltd provides a broad range of IT services, including application development, enterprise solutions, maintenance and outsourcing, testing, infrastructure management services, digital solutions, and platform-based solutions, catering to clients across various industries.

On June 12, 2024, the share price of LTIMindtree Ltd opened at ₹4,960.65, touching the day’s high at ₹5,024.00, as of 10:22 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.