Likhitha Infrastructure to incorporate subsidiary in UAE and hike stake in Saudi Arabia subsidiary
Likhitha Infrastructure will incorporate a wholly-owned subsidiary in Abu Dhabi, UAE. Additionally, the company will increase its stake in Likhitha HAK Arabia Contracting Company from 60% to 90% by acquiring an additional 30% for up to SAR 525,000. The acquisition is expected to complete within 6 months.
The incorporation of a new subsidiary and an increase in shareholding in an existing one are strategic moves that could lead to future growth and market expansion, thus having a medium-term impact on the company's operations and financial performance.
The company is expanding its international presence by incorporating a new subsidiary in the UAE and increasing its stake in an existing subsidiary in Saudi Arabia, indicating strategic growth and expansion.
Likhitha Infrastructure Limited has announced a significant strategic expansion through its Board of Directors' meeting held on September 28, 2026. The company has approved the incorporation of a wholly-owned subsidiary in Abu Dhabi, United Arab Emirates. This new entity will operate under the name Likhitha Infrastructure Middle East LLC, or a similar approved name, and will be fully owned by Likhitha Infrastructure Limited, marking its entry into the UAE market within the Oil and Gas Pipeline/EPC infrastructure contracting industry.
Furthermore, the Board has approved an increase in the company's shareholding in its existing subsidiary, Likhitha HAK Arabia Contracting Company. The stake will be raised from the current 60% to 90% by acquiring an additional 30% shareholding from Arabian HAK Company Ltd. This acquisition, subject to valuation requirements and definitive agreements, aims to enhance the company's ownership and strategic control in its Saudi Arabian operations, thereby strengthening its presence in the Kingdom of Saudi Arabia's Oil & Gas EPC sector. Likhitha HAK Arabia Contracting Company, incorporated on December 10, 2022, is involved in EPC services for pipelines, refineries, and oil wells. The acquisition involves purchasing 150 equity shares for a consideration of up to SAR 525,000 and is expected to be completed within six months. The Board meeting commenced at 01:30 PM and concluded at 02:50 PM on September 28, 2026.
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Likhitha Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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