National Foods Limited (PSX: NATF) has established a wholly-owned subsidiary in the United Arab Emirates as part of its strategy to expand its international operations.
In a notice filed with the Pakistan Stock Exchange (PSX), the company said it has incorporated National Foods Gulf (FZE) in Sharjah, UAE.
The filing states that the subsidiary has been set up as a wholly-owned entity, with the disclosure made under the requirements of the Securities Act, 2015 and the PSX Regulations.
National Foods did not disclose the financial size of the investment or provide further details regarding the subsidiary’s planned business activities.
The move is expected to strengthen the company’s presence in the Gulf region, where demand for South Asian packaged food products continues to grow.
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