Subsidiary enters tenancy contract for SAIF Zone refurbishment facility, 25-year tenure
GNG Electronics' subsidiary Electronics Bazaar FZC has entered into a Tenancy Contract with the Government of Sharjah (SAIF Zone) for a refurbishment facility in the UAE.
By ScoutQuest · · 1 min read
- Lease Area
- 2238.77 sq. mtrs.
- Lease Tenure
- 25 Years from 24th September 2026, subject to renewal on a yearly basis
- Location
- SAIF Zone, United Arab Emirates
Electronics Bazaar FZC, a subsidiary of the company, has entered into a Tenancy Contract with the Government of Sharjah, represented by Sharjah Airport International Free Zone (SAIF Zone). The contract was fully executed on October 14, 2026.
What has been leased
- Location: SAIF Zone, United Arab Emirates
- Lease area: 2238.77 sq. mtrs.
- Lease tenure: 25 Years, commencing from 24th September 2026
- Renewal: subject to renewal on a yearly basis
Why the company says it is doing this
The update states the lease has been undertaken to meet increasing operational requirements and to expand refurbishing capacity in the region.
Reading it simply
The company's overseas subsidiary is taking a refurbishment facility space in Sharjah's free zone on a 25-year tenure. A tenure of this length is a long-term arrangement for the space, and the stated purpose is to add refurbishing capacity rather than to replace existing operations.
The counterparty is the Government of Sharjah, represented by SAIF Zone, and the contract stands fully executed, so the arrangement is in place rather than proposed.
What this disclosure covers
- The entity entering the contract: Electronics Bazaar FZC, a subsidiary
- The nature of the arrangement: a Tenancy Contract for refurbishment facility space
- The premises details: location, area and tenure
The company has shared these details as an intimation to the exchanges for information and records.
Also from GNG Electronics
GNG Electronics Ltd promoter sells 3.00% stake, holding falls to 8.80%
1 Oct 2026
Promoter Vidhi S Khandelwal sells 34,20,345 shares worth Rs. 230,80,48,806/-, stake falls from 11.80% to 8.80%
30 Sep 2026
More numbers
- Lease Area2238.77 sq. mtrs.
- Lease Tenure25 Years
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