Redington announces $533-million Saudi Investment plan
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.
The shares of Redington Ltd were trading at ₹239.78, up by ₹7.98 or 3.44 per cent on the NSE today at noon.
The investment will fund a new headquarters, an automated distribution centre, and talent development initiatives in the Kingdom. The company also revealed plans to distribute Saudi-made servers across the region as part of its portfolio expansion.
Redington, which has operated in Saudi Arabia for 24 years, delivered $1.5 billion worth of technology in the country in 2024. The new investment will be funded through internal accruals, according to the company’s press release.
Viswanath Pallasena, CEO of Redington MEA, emphasised the company’s alignment with Saudi Vision 2030, highlighting technology’s role in supporting the kingdom’s goals of developing a vibrant society, thriving economy, and ambitious nation.
The technology aggregator, which operates across 40 markets with over 450 international brand partnerships, was ranked seventh globally by research firm Canalys based on 2023 revenues. Redington’s presence in Saudi Arabia includes a network of warehouses across major cities, serving various sectors, including IT/ITeS, telecom, lifestyle, and solar.
