Habib Rice launches wholly owned subsidiary in Sharjah free zone

By MG News | Category Equity | September 11, 2024 at 03:07 PM GMT+05:00

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September 11, 2024 (MLN): Habib Rice Products Ltd (PSX: HRPL) has incorporated a 100% wholly owned subsidiary company, named Habib Rice Products (FZE) in the Sharjah Airport International Free Zone (SAIF - Zone).

The company further shared that it has obtained the license of Habib Rice Products.

Moreover, the new subsidiary is expected to support HRPL's efforts to expand its export business.

HRPL communicated this development to market participants through a notice issued to the PSX today.

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