Wipro Limited has informed the Exchange regarding a press release dated Jun 09, 2025, titled "Wipro Strengthens Middle East Presence with New Regional Headquarters in Riyadh".
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Wipro has relocated its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia, formally inaugurating a new office. The move is part of the company's expanding presence in the region, which already includes offices in Riyadh, Al Khobar, Jeddah, and Jubail. Alongside the inauguration, Wipro signed an MoU with Prince Mohammad Bin Fahd University to set up a Center of Excellence in Riyadh focused on training local talent in advanced technologies, aligning with Saudi Vision 2030. The company also announced the appointment of Mohamed Mousa as the new Managing Director for Wipro Middle East, based in Riyadh. No specific financial figures or investment amounts were disclosed in the release.
This signals Wipro's deeper commitment to the high-growth Middle East market, particularly Saudi Arabia, and could support future revenue growth in the region. For shareholders, it is a positive strategic step but not materially significant in the near term as no financial guidance or investment numbers were provided.