Latest news with #MohamedMousa
India.com
2 days ago
- Business
- India.com
Azim Premji's Wipro relocates headquarter in this Muslim country from Al Khobar to…, appoints new MD in Middle East due to…
IT giant Wipro announced on Monday that it has shifted its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The Bengaluru-based company also revealed the appointment of Mohamed Mousa as Managing Director for the Middle East, operating from the newly established headquarters, as per a regulatory filing. The new office is the latest addition to Wipro's presence in the country, which includes offices in Riyadh, Al Khobar, Jeddah, and Jubail. Further, Wipro said it has signed a Memorandum of Understanding (MoU) with Prince Mohammad Bin Fahd University (PMU) to establish a Center of Excellence (CoE) in Riyadh. The CoE aims to train local talent through academic training in advanced technologies, hands-on-experience, and access to Wipro's resources. Wipro shares settled at Rs 259.00 apiece on the BSE on Wednesday, 1.62 per cent higher than the previous close. Wipro Promoter Entities Swap Stake About 18.05 crore shares of Wipro, amounting to a 1.72 per cent stake, were exchanged among promoter group entities through open market transactions on Wednesday, according to the exchange data. Following the share sale, Wipro shares appreciated by 1.61 per cent to close at Rs 258.95 apiece on the BSE. The stock settled 1.62 per cent higher at Rs 259 per piece on the National Stock Exchange (NSE). According to the block deal data on the NSE, promoter entity Azim Premji Trust sold a total of 18.05 crore equity shares or 1.72 per cent stake in Bengaluru-based Wipro. The transaction valued at around Rs 4,674.77 crore, was executed at an average price of Rs 258.99 per share. Meanwhile, Prazim Traders and Zash Trader (part of Wipro's promoter group) bought these shares at the same price. On Monday, Azim Premji Trust offloaded 20.23 crore equity shares or 1.93 per cent stake in Wipro. (With Inputs From PTI)
Arabian Post
3 days ago
- Business
- Arabian Post
Wipro Elevates Riyadh Role, Appoints Mousa to Lead ME Legacy
Arabian Post Staff -Dubai Wipro has officially transferred its Middle East regional headquarters from Al Khobar to a new, upgraded facility in Riyadh, signalling an intensified drive to anchor itself in the Kingdom's digital economy. Mohamed Mousa has been appointed Managing Director and Regional Head for the Middle East, steering Wipro's regional operations from the new Riyadh base. Vinay Firake, CEO for Asia Pacific, India, Middle East and Africa, described the move as a 'reaffirmation of commitment to supporting the dynamic business landscape in the Kingdom of Saudi Arabia.' He added that Mousa's leadership will 'further advance our decades-long presence in the Middle East.' ADVERTISEMENT The office, inaugurated during a high-profile ceremony attended by senior Wipro executives, staff, and clients, is part of an expanding regional footprint that already includes offices in Jeddah, Jubail, and Al Khobar. Mohammed AlRobayan, Deputy Minister for Technology at the Ministry of Communications and Information Technology, highlighted the Riyadh move as a pivotal moment for the Kingdom's digital ambitions, saying it 'accelerates the growth of the Kingdom's digital economy' and underlines Saudi Arabia's appeal as a tech destination. Furthering its strategic investment in Saudi human capital, Wipro signed a Memorandum of Understanding with Prince Mohammad Bin Fahd University to create a Centre of Excellence in Riyadh. This initiative targets hands‑on training in advanced technologies for Saudi nationals, promoting workforce readiness and helping bridge the gap between academic learning and industry demand. Financial analysts note that the relocation aligns with Saudi Vision 2030's objective to diversify the Kingdom's GDP beyond oil revenues, with global tech firms increasingly anchoring themselves in Riyadh. The new headquarters offers both symbolic and practical leverage: proximity to major government stakeholders, enhanced networking opportunities, and the ability to attract public–private partnerships focused on digital transformation. Experts acknowledge, however, that this strategy is not without challenges. Wipro must navigate intense competition from both global rivals and agile regional players, maintain cost competitiveness, and ensure the newly hired Saudi talent is integrated effectively into its global delivery model. A report by an independent business intelligence provider recently flagged uncertainties such as fluctuating revenue streams and the rigours of managing a complex international footprint. Mousa succeeds Dalveer Kaur, who transitioned to Wipro's global capability centre practice. Mousa's track record includes leadership roles in regional IT consulting and digital services, with a specific focus on scaling operations and aligning with government-led digital ecosystems. His appointment is a strategic fit for Wipro's goal of deepening ties with local institutions and sovereign-backed tech initiatives. The Riyadh office, equipped with advanced infrastructure, is expected to house regional delivery centres and client‑management teams specialising in cloud, AI, digital engineering, cybersecurity and consulting services. These capabilities align with Wipro's broader portfolio, which spans consulting, design, engineering and operations in both the public and private sectors. Looking ahead, Wipro is expected to pursue further partnerships with Saudi universities and training institutions, potentially expanding the Centre of Excellence model to other al‑Majlis campuses. The company will also likely collaborate with government-backed innovation hubs and sovereign wealth funds eager to foster digital lanes within finance, healthcare, logistics, and energy sectors. While Wipro optimises its capacity to support client transformation in the region, industry observers will monitor its ability to sustain growth amid macroeconomic volatility, emergent technologies and evolving client expectations. With Mousa at the frontline, the company aims to leverage its regional assets, integrated innovation initiatives and talent development programmes to embed deeper into the Kingdom's digital ecosystem. Amid global tensions and shifting supply‑chain dynamics, Wipro is banking on its regional pivot and local leadership to consolidate both government and enterprise relationships. Riyadh is increasingly viewed not only as a political capital but also as a digital-tech hub. Wipro's investments in infrastructure, talent and strategic partnerships reflect that shift, aiming to position the firm at the centre of the Kingdom's transformation agenda.
Time of India
4 days ago
- Business
- Time of India
Wipro relocates Middle East regional HQ to Riyadh; appoints new MD
Live Events IT major Wipro on Monday said it has relocated its Middle East regional headquarters from Al Khobar to Riyadh The Bengaluru-headquartered firm has also recently appointed Mohamed Mousa as Managing Director for the Middle East, out of the new headquarters, according to a regulatory new office is the latest addition to Wipro's presence in the country, which includes offices in Riyadh, Al Khobar, Jeddah, and Wipro said it has signed a Memorandum of Understanding (MoU) with Prince Mohammad Bin Fahd University (PMU) to establish a Center of Excellence (CoE) in CoE aims to train local talent through academic training in advanced technologies, hands-on-experience, and access to Wipro's resources. Wipro shares settled at Rs 251.30 apiece on the BSE on Monday, 1.09 per cent higher than the previous close.
Business Upturn
4 days ago
- Business
- Business Upturn
Wipro relocates Middle East regional HQ to Riyadh, signs MoU with Prince Mohammad Bin Fahd University for CoE
Wipro Limited, a technology services and consulting company, has relocated its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The move strengthens Wipro's regional footprint, which includes offices in Riyadh, Al Khobar, Jeddah, and Jubail. The new Riyadh office was officially inaugurated with the participation of Wipro executives, employees, and customers. This relocation aligns with the company's efforts to expand its operations and presence in Saudi Arabia. In a related development, Wipro signed a Memorandum of Understanding (MoU) with Prince Mohammad Bin Fahd University (PMU) to establish a Center of Excellence (CoE) in Riyadh. The CoE aims to provide academic training, practical experience, and access to Wipro's technology resources. It focuses on developing advanced technology skills among Saudi nationals to support local workforce development and meet industry demands. This collaboration reflects ongoing efforts to enhance technology education and create a skilled talent pool in the region. The CoE will help prepare young professionals for emerging roles in technology and contribute to the kingdom's broader digital transformation goals. Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited, stated, 'The establishment of our new regional headquarters in Riyadh reaffirms our commitment to supporting the dynamic business landscape in the Kingdom of Saudi Arabia. This strategic move, combined with our ongoing involvement in supporting the goals of the Kingdom, aligns with our vision of driving sustained growth and a future-ready workforce in the region. This commitment is strengthened by the recent appointment of Mohamed Mousa as our new Managing Director for Wipro Middle East out of our Riyadh headquarters, which will further advance our decades-long presence in the Middle East.' Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
