KARACHI: iTANZ Technologies Limited has established a wholly owned entity in the Kingdom of Saudi Arabia (KSA) as part of its strategy to expand its business operations in the Middle East.
In a material information notice submitted to the Pakistan Stock Exchange (PSX) on Tuesday, the company said the new entity, ITANZ Perpetuum, has been successfully registered in Saudi Arabia, with the relevant certificate issued by the competent authority.
The company said the move represents an initial step in its efforts to explore and expand into new markets, particularly in the Middle East region.
According to the disclosure, the establishment of the Saudi entity is a preliminary step towards assessing and developing potential business opportunities in the region.
iTANZ Technologies said any further material developments related to its expansion plans would be communicated to the Pakistan Stock Exchange in accordance with the applicable regulatory requirements.
Copyright Business Recorder, 2026
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