Incorporation of wholly-owned subsidiary in Kingdom of Saudi Arabia (KSA)
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Awaiting price reaction for this filing.
Duncan Engineering has set up a new wholly-owned subsidiary called DEL Arabia Company in the Kingdom of Saudi Arabia, incorporated on December 11, 2025. The new entity will operate in the manufacturing sector, with a focus on Oil & Gas and related projects, to help the company grow its presence in the Middle East. The subsidiary has an authorised capital of SAR 600,000, and Duncan Engineering has subscribed to 6,00,000 shares at SAR 1 each, giving it 100% ownership. No government or regulatory approvals were required for the incorporation.
This is a small greenfield expansion move that signals the company's intent to tap the Middle East market, particularly in Oil & Gas, but the capital deployed is modest and unlikely to move the stock materially in the short term.