Target Entity:
Kaynes Arabia Electronics Company - Limited Liability Company (National Number 7055502962)
Type of Deal:
Incorporation of a 100% Wholly Owned Subsidiary
Stake/Capacity:
The Company owns 100% of the shareholding in the new entity.
Deal Value:
The authorized share capital is SAR 100,000. Investment will be made through multiple tranches in accordance with business requirements and applicable laws.
Funding Source:
Cash consideration.
Financial Impact:
Not disclosed in the filing. The company is newly incorporated with no historical turnover or net worth.
Timeline:
The subsidiary was incorporated on November 02, 2026. An indicative time period for completion is stated as 'Not applicable'.
Strategic Rationale:
The main object is to expand the business presence in the field of manufacturing and assembly of electronic products and sub-assemblies. The entity will primarily cater to customers in Saudi Arabia and other GCC countries, with a focus on meeting regional market requirements and expanding the Company's presence.
Approval Status:
The incorporation is complete. The required approval from the Board of Directors for the incorporation was obtained on August 07, 2026.
Reference Regulation:
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Additional Details:
- Related Party Transaction: Yes, as a wholly owned subsidiary, KAEC is a related party. The promoter/promoter group/group companies have no other interest in this transaction.
- Industry: Manufacturing and assembly of electronic products and sub-assemblies.
- Governmental Approvals: Not applicable.
- Background: The entity was incorporated on November 02, 2026, and proposes to undertake operations primarily in Saudi Arabia.