Karachi: National Foods Limited, a prominent player in the food industry, has announced the closure of its wholly owned subsidiary, National Foods (FZE), based in Sharjah, UAE. The announcement was made on February 14, 2025, in compliance with the regulatory requirements as outlined in Sections 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations.

The decision to liquidate and close National Foods (FZE) was made by National Foods DMCC, another subsidiary of National Foods Limited, headquartered in Dubai. This strategic move is part of the company”s ongoing assessment and realignment of its business operations to optimize performance and focus on core areas.

According to information available from the Pakistan Stock Exchange (PSX), the necessary disclosure form, as required under S.R.O. 143(1)/2012 dated December 5, 2012, was duly submitted to the exchange. This ensures that all stakeholders, including the members of the exchange, are informed about the latest developments concerning National Foods Limited”s business structure.

National Foods Limited, headquartered in Karachi at 12/CL-6, Claremont Road, Civil Lines, remains committed to maintaining transparency and regulatory compliance. The closure of the Sharjah-based subsidiary is seen as a strategic decision to streamline operations and focus more intensively on markets that align with the company’s long-term objectives.

The company continues to operate under the supervision of its registered office in Karachi and encourages stakeholders to reach out for further information through their contact numbers 021-36490029 and 38402022. As National Foods Limited realigns its business strategy, it reaffirms its dedication to delivering quality products and enhancing shareholder value in the designated market category.