Subsidiary11 Aug 2026, 07:01 pm
Vaxfab Enterprises Incorporates Wholly Owned Subsidiary in UAE
AI Summary
Vaxfab Enterprises Ltd has announced the incorporation of its wholly owned subsidiary, Al Rafa Enterprise FZ-LLC, in the United Arab Emirates (UAE). The subsidiary, established on August 6, 2026, will engage in Seeds Trading, Packing & Packaging Materials Trading, Plastic & Nylon Raw Materials Trading, Information Technology Consultants, and General Trading. The initial capital will be in cash, with a proposed initial capital of AED 1,000.00 per share. The company cited a delay in filing due to the late receipt of legal documents. This move signifies Vaxfab's international expansion strategy.
Key Highlights
- Vaxfab Enterprises Ltd established a wholly owned subsidiary in UAE.
- The subsidiary, Al Rafa Enterprise FZ-LLC, will focus on trading and IT consulting.
- Initial capital will be cash-based, with shares priced at AED 1,000.00.
- This marks an expansion into international markets for Vaxfab.
- The subsidiary is yet to commence business operations.
Price Impact
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