Redington Ltd, a technology distributor, has announced a SAR 2 billion ($533 million) investment plan for Saudi Arabia over the next decade. The announcement was made today at LEAP 2025, a premier tech event in Riyadh.
At noon today, the shares of Redington Ltd were trading at ₹239.78, up by ₹7.98 or 3.44 per cent on the NSE.
The investment will support the construction of a new headquarters, an automated distribution center, and talent development initiatives in the Kingdom. Additionally, the company plans to distribute Saudi-made servers across the region as part of its portfolio expansion.
Operating in Saudi Arabia for 24 years, Redington Ltd delivered $1.5 billion worth of technology in the country in 2024. This new investment will be funded through internal accruals, according to the company’s press release.
Viswanath Pallasena, CEO of Redington MEA, highlighted the company’s alignment with Saudi Vision 2030, emphasizing technology’s role in aiding the kingdom’s goals of fostering a vibrant society, thriving economy, and ambitious nation.
Ranked seventh globally by research firm Canalys based on 2023 revenues, Redington operates across 40 markets with over 450 international brand partnerships. The company’s presence in Saudi Arabia includes a network of warehouses across major cities, serving various sectors such as IT/ITeS, telecom, lifestyle, and solar.
Published on February 10, 2025.
