Axis Solutions Incorporates Wholly Owned Subsidiary in Saudi

Axis Solutions Ltd has announced the incorporation of its wholly-owned subsidiary, AxisSol Arabia Company, in Saudi Arabia. The subsidiary is established to engage in the business of oil & gas field machinery, installation of industrial machinery, and industrial process control equipment. The initial share capital is 20,000 SAR, with the company acquiring 100% shareholding. This move is part of Axis Solutions' strategy to expand its business operations internationally, particularly in the oil and gas sector.