Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree, a global technology consulting and digital solutions company, have launched NextEra, a next-generation IT services company headquartered in Saudi Arabia.

A strategic joint venture between LTIMindtree and Aramco Digital, LTIM Aramco Digital Solutions for Information Technology Company-NextEra is designed to accelerate Saudi Arabia’s digital transformation in alignment with the Kingdom’s ambitious Vision 2030.

The initiative reflects a shared commitment to building a robust, homegrown digital ecosystem that fuels innovation, economic diversification, and sustainable growth.

Powered by advanced and emerging technologies, NextEra aims to offer organizations future-ready solutions that enhance operational efficiency, enable intelligent decision-making, and deliver seamless customer experiences.

NextEra’s foundation is built upon six core pillars — emerging technologies and automation, scalable cloud services, deep industry expertise, digital engineering, sustainability, and customer centricity.

Nabil Al-Nuaim, chairman of NextEra and CEO of Aramco Digital, said: “The launch of NextEra marks a pivotal milestone in our efforts to localize IT services and contribute to advancing the Kingdom’s digital landscape.

“We are glad to partner with LTIMindtree in establishing this joint venture, which brings together world-class technology expertise and deep local insight.

“Through NextEra, we aim to build a future-ready digital ecosystem that drives innovation, enhances national competitiveness, and contributes to the Kingdom’s digital transformation journey under Vision 2030.

“This collaboration also reinforces Aramco Digital’s commitment to accelerating digital progress across industrial and other strategic sectors,  delivering sustainable impact, long-term value, and alignment with national priorities.

"Partnering with Aramco Digital to establish NextEra is a significant milestone in LTIMindtree’s global expansion strategy. We are excited to bring our deep technical capabilities and cross-industry experience to support Saudi businesses in their digital journeys,” said Venu Lambu, vice chairman, NextEra; chief executive officer (designate) and whole-time director, LTIMindtree.

“This joint venture is a key step toward Saudi Arabia’s Vision 2030, as we build a national platform for innovation and sustainable digital growth,” said Dina Aboonoq, CEO and board member, NextEra; executive VP, LTIMindtree.

“Through advanced delivery centers and partnerships with local universities, we’re accelerating digital transformation, empowering local talent, and supporting SMEs and major industries with tailored managed services that ensure excellence and compliance.”

NextEra is uniquely positioned to blend local insight with global expertise, delivering tailored solutions that cater to the dynamic needs of regional and international markets. From optimizing operations to fostering innovation across critical sectors, the company aims to be a cornerstone of Saudi Arabia’s digitally driven future.

Aramco Digital is the digital and technology subsidiary of Aramco, established to contribute to the Kingdom’s digital transformation under Vision 2030. It aims to advance industrial digital solutions in partnership with local and global partners, enabling sustainable growth across industrial and other strategic sectors.

LTIMindtree is a global technology consulting and digital solutions company that helps enterprises reimagine business models and accelerate innovation. With a client base of over 700 companies and a team of 84,000+ professionals across 30+ countries, LTIMindtree delivers transformative outcomes across industries. A part of the Larsen & Toubro Group, LTIMindtree is at the forefront of delivering large-scale digital transformation programs worldwide.

flynas Company, one of the leading low-cost carriers in the Middle East and North Africa region, has announced the opening of its retail subscription period for individual investors as part of its initial public offering on the Saudi Exchange.

The final offer price has been set at SR80 ($21) per share, marking the top end of the previously announced price range. This follows an overwhelming response from institutional investors, with the institutional tranche oversubscribed approximately 100 times, attracting SR409 billion in orders from local and international investors.

Retail investors have access to 10,251,114 shares, representing 20 percent of the total offering, while institutional investors have been allocated the remaining 80 percent.

Subscriptions can be made through a wide network of receiving banks and capital market institutions, including: Albilad Capital, Alinma Capital, Alistithmar Capital, Al-Jazira Capital, Alkhabeer Capital, Al-Rajhi Capital, ANB Capital, BSF Capital, Derayah Financial, GIB Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, and Yaqeen Capital.

The retail subscription window will run from May 28 to June 1. Allocation will be completed by June 3 and refunds by June 5.