Digitide Solutions Limited has informed the Exchange about Incorporation of a Wholly-Owned Subsidiary Company
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Digitide Solutions Limited has incorporated a new foreign wholly-owned subsidiary named 'Digitide IT Solutions L.L.C S.O.C' in mainland Dubai, UAE, on March 11, 2026. The new subsidiary will offer IT services, infrastructure, data classification and analysis, cloud, data center, and application development services — in line with the parent company's core IT/ITeS business. Digitide holds 100% shareholding in the new entity, which has an authorized capital of AED 300,000. No government or regulatory approvals were required for the incorporation. This marks the company's formal entry into the Middle East market through a wholly-owned setup rather than a partnership or joint venture.
This is a strategic, low-cost geographic expansion into the UAE, a growing tech and outsourcing hub. The capital commitment is modest (AED 300,000), so near-term financial impact is minimal, but it signals Digitide's intent to tap Middle East clients and could support future revenue growth if the subsidiary wins business.