Subsidiary1 Jun 2026, 09:21 pm
Urban Company's Step-Down Subsidiary, UC KSA, Ceases Operations
AI Summary
Urban Company Ltd. announced the cancellation of the commercial registration of its step-down subsidiary, Urban Company Arabia for Information Technologies (UC KSA), in the Kingdom of Saudi Arabia, effective May 24, 2026. This follows previous disclosures regarding the voluntary dissolution/winding up of UC KSA. With the completion of this step, UC KSA ceases to be a subsidiary of Urban Company. The remaining procedural steps for the dissolution will be completed in due course, and the details are available on the company's website.
Key Highlights
- Urban Company's step-down subsidiary, UC KSA, commercial registration cancelled.
- Cancellation effective from May 24, 2026, as per Ministry of Commerce, KSA.
- UC KSA ceases to be a step-down subsidiary of Urban Company.
- Voluntary dissolution/winding up process will continue.
- Details available on Urban Company's website.
Price Impact
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