Octopus Digital expands to UAE with a new subsidiary

MG News | September 14, 2023 at 10:10 AM GMT+05:00

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September 14, 2023 (MLN): Octopus Digital Limited (OCTOPUS) has incorporated a new wholly-owned subsidiary in the United Arab Emirates with the name “Octopus Digital FZ-LLC”, as revealed in the company's filing on PSX today.

The subsidiary is incorporated as a Free Zone Limited Liability Company (LLC) under the Dubai Development Authority with commercial license number 103074 with a business unit in Dubai Internet City.

UAE's thriving business environment and strategic location make it an ideal hub for Octopus Digital FZ-LLC to further enhance its global presence and deliver unparalleled value to its customers.

The decision to establish a subsidiary in the UAE aligns with Octopus Digital’s core values of innovation, customer-centricity, growth plan, and global expansion.

By expanding its presence in this market, OCTOPUS aims to better serve the needs of its customers in the region and strengthen its position as a leading player in Industry 4.0 solutions.

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