Karachi: Zarea Limited has announced the incorporation of a wholly owned subsidiary in the United Arab Emirates, according to a disclosure made in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Pakistan Stock Exchange Limited Regulations. This development represents a major milestone in the company's strategy to expand its global reach in the technology-driven B2B trade sector.

The newly formed subsidiary, named ZAREA COMMERCE FZCO, is based in Dubai and is wholly owned by Zarea Limited. According to the company's Board of Directors, this move is a cornerstone of their long-term growth strategy aimed at expanding their global footprint, strengthening overseas operations, and accelerating export-led growth. The regional headquarters in Dubai is expected to serve as a strategic base for exploring new markets worldwide.

According to information available from the Pakistan Stock Exchange (PSX), Zarea Limited's strategic investment in the UAE is intended to generate sustained value for its shareholders by digitizing trade and unlocking new markets. The company's leadership is optimistic that the initiative will significantly contribute to the company's long-term growth trajectory.

The Board of Directors of Zarea Limited has committed to keeping both the exchange and its shareholders informed about any further material developments in accordance with applicable laws and regulations.