National Foods' footprint grows as subsidiary expands in UAE market
By MG News | Category Equity | January 22, 2024 at 01:23 PM GMT+05:00
January 22, 2024 (MLN): The wholly-owned subsidiary of National Foods Limited (PSX: NATF), National Foods DMCC based in Dubai, has established another subsidiary, namely National Foods (FZE), in Sharjah, U.A.E.
NATF disseminated this information through a notice issued to the domestic equity market today.
Moreover, this development is a part of the company's strategy to expand its presence in international markets.
National Foods is principally engaged in the manufacture and sale of convenience-based food products and the ultimate parent entity of the company is ATC Holdings (Private) Limited.
At the time of writing, the NATF's scrip is being traded at Rs161.49, up by 59 paisa or 0.37% compared to the previous close.
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