New Launch28 Nov 2025, 04:41 pm
Ashok Leyland UAE LLC Invests in a New One Person Company in Saudi Arabia
AI Summary
Ashok Leyland UAE LLC (AL UAE), a wholly owned subsidiary of Ashok Leyland Ltd, has incorporated a new entity named 'Ashok Leyland Saudi Company' in the Kingdom of Saudi Arabia. The investment of 5,00,000 Saudi Riyal (SR) was made towards the initial share capital subscription on November 27, 2025. The new company, a Limited Liability Company, has been incorporated to set up a vehicle assembly plant for buses and trucks to target the domestic and export market. AL Saudi has received regulatory approvals from the Ministry of Investment/Ministry of Commerce of Saudi Arabia.
Key Highlights
- Ashok Leyland UAE LLC has incorporated a new entity in Saudi Arabia named 'Ashok Leyland Saudi Company'.
- The new entity is a Limited Liability Company with an authorized share capital of SR 5,00,000 and a paid-up share capital of SR 5,00,000.
- The new company has been incorporated to set up a vehicle assembly plant for buses and trucks in Saudi Arabia.
- The new entity has received regulatory approvals from the Ministry of Investment/Ministry of Commerce of Saudi Arabia.
- Ashok Leyland UAE LLC has invested SR 5,00,000 towards the initial share capital subscription.