LTIMINDTREE
Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, have signed a shareholders’ agreement to create an IT services company in the Kingdom of Saudi Arabia. The prospective company would showcase innovation in action, including disruptive digital services, and transformative industry 4.0 systems integration capabilities. This collaboration is expected to support the Kingdom’s Vision 2030 by creating highly skilled jobs for Saudis in this sector.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240305169589/en/
Signing of the shareholders' agreement between LTIMindtree and Aramco Digital. Left to right, Sudhir Chaturvedi, President, and Executive Board Member, LTIMindtree and Tareq Amin, CEO, Aramco Digital. (Photo: Business Wire)
The joint venture is being formed under the Aramco Namaat Industrial Investments Program. Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree, said, “LTIMindtree is fully aligned with the Saudi Vision 2030. We are pleased to have been selected as the trusted partner for the joint venture. KSA and MENA are amongst the fastest growing regions globally in the adoption of new technologies. We are committed to delivering new technology-led growth to the region. With Aramco Digital, we will bring our global capabilities and expertise and leverage new technologies to deliver digital transformation suitable for giga projects, the government sector, high growth industries, energy, manufacturing, and the financial services sector.”
Nabil Al Nuaim, Aramco Senior Vice President of Digital and Information Technology and a board member of Aramco Digital, said, “This is a pivotal partnership effort to leverage the power of digital transformation and unlock unprecedented opportunities for innovation and sustainability in the region. The joint venture aims to foster the localization of the IT services vital sector, create valuable jobs, and pave the way for a brighter future in the Kingdom.”
Aramco Digital CEO, Tareq Amin said, “We are excited about this collaboration, which will align with Aramco Digital’s solutions offerings, which capitalize on high demand for customized and scalable solutions. The powerful combination of Aramco Digital’s business, coupled with LTIMindtree’s deep engineering capabilities and customer experience solutions, has the potential to unlock tremendous value for the region. It reinforces our joint efforts to support Vision 2030 and deliver world-class and sustainable value to our customers and employees, while working toward creating local jobs and expertise with a competitive edge.”
About Aramco Digital
Aramco Digital is the digital and technology subsidiary of Aramco. Aramco Digital is driving digital innovation and transformation across various sectors. The company aims to create a thriving national digital ecosystem and pioneer the development of next gen digital platforms that foster creativity, unlock value and promote sustainability worldwide.
About LTIMindtree
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 82,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. For more information, please visit https://www.ltimindtree.com/.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240305169589/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
“Travel and tourism builds diversified and resilient economies”: Saudi Arabia Minister of Tourism, His Excellency Ahmed Al-Khateeb, tells World Economic Forum Annual Meeting in Davos24.1.2025 20:59:00 CET | Press release
Official Travel & Tourism sessions were prominently featured on the WEF agenda, with global leaders unpacking the transformative power of the sector. His Excellency urged global leaders to give the sector the attention it deserves to catalyze sustainable, cross-border, multi-sector economic growth. The Travel and Tourism sector’s essential contribution to shaping the global landscape was underscored at the World Economic Forum (WEF) Annual Meeting in Davos this week with His Excellency Ahmed A. Al-Khateeb, Saudi Arabia Minister of Tourism, urging world leaders to provide the industry with the focus and collaborative solutions it deserves. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124536028/en/ Saudi Minister of Tourism, His Excellency Ahmed A. Al-Khateeb put travel and tourism on the global agenda at the World Economic Forum Annual Meeting in Davos, Switzerland, this week. (Photo: AETOSWire) Saudi Arabia welcomed nea
Saudi Arabia to Host Regular World Economic Forum Global Meeting24.1.2025 20:56:00 CET | Press release
The Kingdom of Saudi Arabia will host a regular high-level World Economic Forum (WEF) global meeting in Riyadh, with the first slated for the Spring of 2026, it was announced today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124077475/en/ Saudi Arabia to Host Regular World Economic Forum Global Meeting (Photo: AETOSWire) The announcement was made today by His Excellency Faisal F. Alibrahim, Minister of Economy and Planning, and Børge Brende, World Economic Forum President, on the final day of the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland. The global WEF meeting in Riyadh will serve as a vital platform for global leaders, experts, policy- and decision-makers from diverse fields including the public and private sectors, academia, international organizations, and civil society to convene and address the challenges defining our world. His Excellency Faisal F. Alibrahim, Minister of Economy and
Kweichow Moutai Presents Chinese Enterprise’s ESG Insights at 2025 WEF24.1.2025 16:49:00 CET | Press release
Wang Li, General Manager of Kweichow Moutai Group, China's top liquor company, was invited to participate in the 2025 World Economic Forum (WEF) Annual Meeting, which officially opened recently, and shared the Moutai solutions on topics such as ESG practices, green and low-carbon development. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124612942/en/ Wang Li, General Manager of Kweichow Moutai Group, presented Moutai's advanced experience in green technological innovation at the Davos-Caixin CEO luncheon. (Photo: Business Wire) At the 2025 Davos-Tencent Finance Vision Dinner, Wang explained the ESG development based on Moutai's practices. She said that Moutai adheres to long-termism and high-quality development, integrates the ESG concept into the entire production and operation process. By pursuing sustainable development from three dimensions: harmonious coexistence with nature, sharing of social value, and modernizat
LTIMindtree Announces Venu Lambu as CEO (Designate)24.1.2025 15:40:00 CET | Press release
LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced that the Board has decided to appoint Mr. Venu Lambu as the CEO (Designate) & Wholetime Director based out of London with immediate effect. This strategic decision marks a significant milestone in the leadership succession plan and reinforces our commitment towards profitable growth & stakeholder value creation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124606926/en/ Venu Lambu, CEO (Designate) & Wholetime Director, LTIMindtree. (Photo: Business Wire) Over the coming months, Mr. Venu Lambu will work closely with Mr. Debashis Chatterjee, CEO & MD, LTIMindtree, to ensure a smooth and seamless transition. This period will allow him to gain deeper insights into the current operations, yearly budget and strategic plans. Mr. S.N. Subrahmanyan, Chairman, LTIMindtree, commented that, “This move reflects our dedicatio
Citigroup Announces Approximately €452 Million Redemption Of 4.25% Fixed Rate/Floating Rate Subordinated Notes Due 203024.1.2025 14:30:00 CET | Press release
Citigroup Inc. is announcing the redemption, in whole, constituting €451,934,000 of its 4.25% Fixed Rate / Floating Rate Subordinated Notes due 2030 (the “notes”) (ISIN: XS0213026197). The redemption date for the notes is February 25, 2025 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date. The redemption announced today is consistent with Citigroup's liability management strategy and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citigroup's net interest margin and borrowing costs, the overall remaining tenor of Citigroup's debt portfolio, capital impact, as well as overall market conditions. Beginning on the re
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom