Adobe to set up new regional HQ in Riyadh by 2025

Luc Dammann, president of Europe, Middle East and Africa at Adobe. AN
Short Url
Updated 06 March 2024
Follow

Adobe to set up new regional HQ in Riyadh by 2025

RIYADH: American multinational computer software company Adobe plans to establish a new regional headquarters in Riyadh by early 2025.

The announcement comes after the firm received license approval from the Saudi Ministry of Investment, enabling the company to better serve the demand for digital customer experiences and creative solutions in the Kingdom and across the region.

Adobe, operating in Saudi Arabia and the Middle East for over 20 years, assists public and private sector firms such as the Saudi Tourism Authority, stc and Riyadh Air in increasing document productivity, and providing digital experiences to their clients.

“We have established presence and we are very proud of the relationship we have built with the private and public organizations such as the Saudi Tourism Authority and Saudi Telecom in the Kingdom,” Luc Dammann, president of Europe, Middle East and Africa at Adobe, said in an interview with Arab News.

He added: “We have accelerated this agenda and this is something that I’m extremely committed to when we looked at how we want to approach the region we have been doing business in the region for over 20 years.”

Adobe has also collaborated with digital transformation partners in the region, including Accenture, AWS and Deloitte Digital as well as IBM, Microsoft and PwC Middle East.

“The Kingdom is home to some of the world’s most pioneering projects. When it comes to digital experiences, and the speed at which new technologies are adopted and embedded, Vision 2030 is world-leading,” Dammann said.

“We are proud to expand our presence in the region to better support customers in realizing their ambitions to deliver outstanding digital experiences.” 

On the sidelines of the annual tech conference LEAP 2024, Adobe also partnered with the Kingdom’s national carrier Riyadh Air to integrate with a broad range of travel partners, both within the Kingdom and globally, allowing guests to manage their entire travel experience through its digital properties.

“We announced this on the back of LEAP Strategic Partnership with Riyadh Air, which will be not just an airline but the gateway to the Kingdom as well. The objective here is to do something disruptive in the industry,” Dammann stated.

The top official went on to say that they are also partnering with the Saudi Tourism Authority to enhance the guest experience by providing a personalized portfolio of services tailored to individual guests.

The company is working on developing and implementing large-scale personalization strategies to cater to millions of potential users and customers in real time, with the aim of gaining a significant market share by offering personalized experiences.

“It’s the biggest way to acquire market share in a very competitive market,” Dammann said. “It’s also the biggest barrier to entry you can build to have loyalty with a consumer base.”

Moreover, he noted that Adobe is in “very advanced discussions” with other organizations to scale the company’s business massively in the next 12 months.


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
Follow

Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.