Indus Towers expands into UAE with new management subsidiary

Indus Towers Limited announced the incorporation of a new step-down wholly owned subsidiary, Indus Towers Management FZE, in the United Arab Emirates (UAE) on December 19, 2025. This new entity is a wholly owned subsidiary of Indus Towers FZE.

Indus Towers Management FZE has a share capital of AED 300,000, comprising 300 shares of AED 1,000 each. The new subsidiary will focus on investment in commercial enterprises and management, with initial plans to consider investments in African markets, specifically Nigeria, Uganda, and Zambia. The contribution to its initial share capital will be made in cash at face value.

As a step-down wholly owned subsidiary, Indus Towers Management FZE is considered a related party to the company. It was incorporated at the Dubai World Trade Centre and has yet to commence business operations or generate turnover.