
Joint Venture24 Nov 2024, 09:55 pm
LTIMindtree Ltd Incorporates Joint Venture Entity in Saudi Arabia with Saudi Aramco Subsidiary
AI Summary
LTIMindtree Ltd has announced the incorporation of a Joint Venture entity in the Kingdom of Saudi Arabia. The Joint Venture, named 'LTIM Aramco Digital Solutions for Information Technology', was set up through a Shareholder’s Agreement between the Company and Global Digital Integrated Solutions Company, a wholly owned subsidiary of Saudi Arabian Oil Company ('Saudi Aramco'). The agreement was executed on March 5, 2024, and the Joint Venture has been officially registered on November 22, 2024.
Key Highlights
- LTIMindtree Ltd and Saudi Aramco's subsidiary form a Joint Venture named 'LTIM Aramco Digital Solutions for Information Technology'
- The Joint Venture has been officially registered in the Kingdom of Saudi Arabia on November 22, 2024
- The Shareholder’s Agreement was executed between the Company and Global Digital Integrated Solutions Company on March 5, 2024