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FINANCIAL NEWS
Indian Tech Mahindra, Saudi Midad Holding sign deal
25 Jul 2014
(MENAFN) Indian IT giant Tech Mahindra Ltd has signed a joint venture with Midad Holding to expand its existence in Saudi Arabia, according to Arabian Business.
The JV will be called Tech Mahindra Arabia, with Tech Mahindra holding a 51 percent stake and Midad holding 49 percent.
Tech Mahindra Arabia will also have presence across other major cities in Saudi and will be functional once regulatory approvals have been completed.
A statement said: “The regional strength of Midad Holding and the global connectivity of Tech Mahindra will create a synergic value proposition for customers in Saudi Arabia.”
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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