Exxaro Tiles Ltd. Incorporates Wholly Owned Subsidiary in Dubai
Exxaro Tiles Limited announced the incorporation of a wholly owned subsidiary, ARESTA GENERAL TRADING FZE, in Dubai on March 23, 2026. The subsidiary was issued a license on March 30, 2026, with License No. 359777418.ARESTA GENERAL TRADING FZE is a Limited Liability Company located in the Jebel Ali Free Zone. It has a share capital of AED 100,000, comprised of 1000 shares with a value of AED 100 each. The subsidiary is yet to commence business operations.
The subsidiary’s primary objective is to undertake trading activities related to tiles. The acquisition is considered a related-party transaction as it is a wholly owned subsidiary of Exxaro Tiles Limited.
An amount of AED 100,000 will be paid for the subscription of 1000 shares of ARESTA GENERAL TRADING FZE. Exxaro Tiles Limited will hold 100% of the subsidiary’s shares.
| Detail | Information |
|---|---|
| Name of Entity | ARESTA GENERAL TRADING FZE (License No: 359777418) |
| Share Capital | AED 100,000 (1000 shares x AED 100 each) |
| Turnover | Nil (Yet to commence Business Operations) |
| Related Party Transaction | Yes |
| Industry | Trading of Tiles |
| Acquisition Cost | AED 100,000 |
| Shareholding | 100% |
| Location | Jebel Ali Free Zone, Dubai, United Arab Emirates |
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