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Desco Infratech Ltd has incorporated a new wholly owned subsidiary named DESCO GLOBAL FZ LLC in Ras Al Khaimah Economic Zone (RAKEZ), UAE. The subsidiary was incorporated on March 25, 2026, with a share capital of AED 10,000 (10 shares at AED 1,000 each), making it 100% owned by Desco Infratech. The new entity will operate in Project Management Consultancy and is yet to commence business operations. The company states the acquisition aims to expand its international business presence and explore opportunities in overseas markets, particularly the UAE.
The creation of this overseas subsidiary indicates Desco Infratech's intent to diversify geographically into the UAE market. While it represents strategic expansion, the new entity has no revenue or operations yet, so near-term financial impact on the parent company is likely minimal.