Lenovo Group Limited (HKSE: 992; ADR: LNVGY) officially announced the appointment of Amit Midha, currently CEO of Alat, as a non-executive member of its board of directors. With this addition, the tech giant enhances its international leadership team by bringing on a profile with extensive experience in the technology sector and industrial transformation in emerging markets.
The decision comes at a pivotal time for the company, which is experiencing strong growth, with revenues of $18.8 billion in the first quarter of fiscal year 2025/26 and net profit doubled compared to the previous year. Midha’s appointment is seen as a strategic move to strengthen Lenovo’s presence in the Middle East and Africa (MEA) region, where the company plans significant investments in innovation and manufacturing.
A Strategic Partnership with Saudi Arabia
Lenovo’s relationship with Alat has deepened over the past year. In January 2025, both companies formalized a $2 billion agreement through three-year, zero-coupon convertible bonds, aimed at financing the Asian group’s industrial expansion in Saudi Arabia.
This plan includes establishing a manufacturing plant in the kingdom, designed to produce millions of devices annually, with operations set to begin in 2026. Simultaneously, Lenovo has confirmed the opening of its regional headquarters in Riyadh, reinforcing its commitment to the Saudi market and the economic diversification strategy outlined in the country’s Vision 2030 initiative.
The collaboration not only targets economic objectives but also emphasizes social development. The project envisions creating new jobs in the MEA region and developing local talent in key sectors such as artificial intelligence, digital infrastructure, and advanced manufacturing.
About Amit Midha
Lenovo’s new non-executive director, Amit Midha, is an executive with over two decades of international experience in technology. Since February 2023, he has served as CEO of Alat, a company owned by Saudi Arabia’s Public Investment Fund (PIF), dedicated to positioning the country as a global industrial hub for electronics and advanced manufacturing.
Prior to joining Alat, Midha held leadership roles at Dell Technologies, where he oversaw growth in Asia Pacific and Japan, managing a multimillion-dollar business across more than 40 countries. He also played a key role as EVP of Global Digital Cities, focusing on digital transformation initiatives for governments and smart cities.
Among his accolades, he was awarded Bloomberg’s “IT CEO of the Year” in 2010. More recently, in November 2024, he joined GNG Electronics Ltd as a non-executive director—a company listed on India’s National Stock Exchange.
Midha holds an engineering degree, a Master’s in Industrial Engineering from the University of Missouri (USA), and a bachelor’s degree in Engineering from the Shri Govindram Seksaria Institute of Technology and Science in Indore, India.
A Diverse, Global Board of Directors
With this appointment, Lenovo’s board now comprises 13 members, reflecting the company’s international outlook. Chairman and CEO Yuanqing Yang highlighted that Midha “brings a unique global perspective and deep insights into digital and industrial transformation in strategic markets.”
“His leadership at Alat and role in advancing Saudi Arabia’s digital industrialization will be crucial in strengthening Lenovo’s international alliances and expanding our innovation footprint in the Middle East,” Yang stated in an official release.
Financial and Geopolitical Context
Amit Midha’s appointment occurs amid increasing global competition in the tech industry, marked by geopolitical tensions and supply chain restrictions in semiconductor markets. Saudi Arabia, through its sovereign wealth fund PIF, has become a key player in financing tech projects, seeking to diversify its economy beyond oil.
For Lenovo, this partnership offers preferential access to a market with enormous growth potential in AI, telecommunications, and smart devices—as well as a platform to expand into Africa, where digitalization is accelerating with foreign investment.
The group closed the last quarter with a market capitalization nearing $15 billion, ranking 196th on the Fortune Global 500 list, its best position ever. This foundation leads analysts to believe that strengthening the board with Midha aims to solidify Lenovo’s profile as a diversified global player and reduce risks tied to reliance on the PC market.
Conclusion
Amit Midha’s appointment underscores Lenovo’s commitment to an increasingly global, hybrid, and AI-focused business model. His international experience across Asia, the US, and the Middle East—combined with the strategic alliance with Alat and support from Saudi’s sovereign fund—paints a picture of Lenovo striving to establish itself not only as a leader in PCs but also as a major player in services, infrastructure, and smart devices for the coming decade.
Frequently Asked Questions (FAQ)
Who is Amit Midha and what is his background?
Amit Midha is the current CEO of Alat, with extensive experience at Dell Technologies, specializing in digital transformation and smart cities.
What does the Lenovo-Alat partnership signify?
It represents a $2 billion joint investment to expand production and technological innovation in Saudi Arabia, aligned with Vision 2030’s strategic goals.
How will this impact the MEA region?
It will generate jobs, promote digital industrialization, and position the Middle East as a hub for innovation and advanced manufacturing.
What does this mean for Lenovo shareholders?
The alliance with Alat and Midha’s inclusion in the board strengthen Lenovo’s profile as a diversified company with increased exposure to high-growth emerging markets.