Nishat Mills to Expand into the UK Through New Subsidiary

Karachi: Nishat Mills Limited has announced plans to establish a private limited company in the United Kingdom, a move aimed at expanding its international footprint. This strategic decision was approved by the Board of Directors and will be executed through its wholly-owned subsidiary, Nishat International FZE based in the United Arab Emirates, contingent upon receiving all necessary regulatory approvals.

According to information available from the Pakistan Stock Exchange (PSX), this expansion aligns with Nishat Mills’ broader objectives to enhance its market presence abroad and to capitalize on growth opportunities in international markets. The initiative is in full compliance with the Securities Act of 2015 and other applicable laws, ensuring adherence to the highest standards of corporate governance and regulatory compliance.

The formation of the new entity in the UK is subject to the approval of various regulatory bodies, underscoring the company’s commitment to transparency and legal compliance. A disclosure form as required by Section 96 of the Securities Act 2015 has been circulated among the TRE certificate holders of the PSX, detailing the scope and nature of the planned expansion.

This development marks a significant step for Nishat Mills in its pursuit of global business opportunities, demonstrating its readiness to invest in and explore new markets beyond its established base. The company’s proactive approach to international expansion is expected to contribute positively to its overall growth trajectory.

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