Infosys sets up JV for Saudi Arabian market

Infosys said it entered into a joint venture with the Saudi Prerogative Company to offer IT services in the middle eastern country

The Bengaluru-based IT services firm will own 70 per cent of the JV.

The investment in the JV will be a little over $300,000 in the equity share capital of the proposed joint venture company, Infosys said in a filing with the Bombay Stock Exchange.