Axiscades Technologies Establishes Wholly-Owned Subsidiary in Dubai
Axiscades Technologies Ltd. announced the incorporation of a new wholly-owned subsidiary, AXISCADES Technologies Aviation Equipment Engineering Services LLC, in Dubai, UAE, on April 2, 2026.The new entity, capitalized at Dhirams 150,000, will operate within the aerospace sector and is intended to explore new business opportunities in the region. The investment represents a Dhirams 150,000 capital investment, with a price of Dhirams 1,000 per share, resulting in 100% ownership for Axiscades Technologies.
The subsidiary has received a commercial license on April 2, 2026, and has yet to commence business operations, therefore, its turnover remains unrecorded. The incorporation does not constitute a related party transaction.
| Particulars | Details |
|---|---|
| Name of the target entity | AXISCADES Technologies Aviation Equipment Engineering Services LLC |
| Country | United Arab Emirates |
| Capital | Dhirams 150,000 |
| Industry | Aerospace |
| Percentage of Shareholding | 100% |
| Price per Share | Dhirams 1,000 |
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