Key Quantitative Figures
- Initial paid-up share capital: AED 200,000
- Share price: AED 10 per share
- Registration Number: 2914450
- Membership Number: 698295
Parties Involved
- Parent Company: IRIS RegTech Solutions Limited (Scrip Code: 540735, Symbol: IRIS)
- Subsidiary: IRIS Gulf Regulatory Technology L.L.C
- Regulatory Authority: Department of Economic Development, Government of Dubai
- Compliance Officer: Santoshkumar Jaishanker Sharma, Company Secretary & Compliance Officer (ICSI Membership No. ACS 35139)
Purpose and Rationale
The incorporation aims to establish a business presence in the UAE and Middle East region, enabling participation in SupTech and RegTech opportunities, building regional client relationships, and creating a scalable platform for future expansion in GCC markets.
Transaction Details
- Nature of consideration: Cash consideration for 100% subscription
- Percentage of shareholding acquired: 100%
- Transaction type: Arm's length transaction
- Related party status: The entity is a Wholly-Owned Subsidiary and therefore a related party under applicable laws
Industry Classification
The subsidiary will operate in RegTech / Financial Reporting Solutions / Supervisory Technology Solutions industry.
Regulatory Approvals
Incorporation and membership certificate has been received from the Department of Economic Development, Government of Dubai.
Implementation Timeline
The WOS was incorporated on August 20, 2026, and initial capital will be subscribed within a reasonable period, subject to completion of regulatory and procedural requirements in the UAE.
Financial Impact
Initial investment amount: AED 200,000 (at face value). Financial impact not quantified beyond the initial capital subscription.
Corporate Structure Impact
Results in creation of a new wholly-owned subsidiary with 100% ownership by IRIS RegTech Solutions Limited.
#Tags: #IRISRegTech #SEBIRegulation30 #SubsidiaryIncorporation #DubaiExpansion #RegTech #Neutral