Wholly owned subsidiary incorporated in Abu Dhabi Global Market; certificate of incorporation received
Zaggle Holding Limited has been incorporated as a wholly owned subsidiary in the Abu Dhabi Global Market (ADGM), Abu Dhabi, UAE.
By ScoutQuest · · 2 min read
- Subsidiary Incorporated
- Zaggle Holding Limited
- Jurisdiction
- Abu Dhabi Global Market (ADGM), Abu Dhabi, UAE
- Certificate of Incorporation Received
- October 22, 2026
What the company told the exchanges
Zaggle Prepaid Ocean Services Ltd has informed the NSE and BSE that Zaggle Holding Limited has been incorporated as a wholly owned subsidiary of the company. The new entity is set up in the Abu Dhabi Global Market (ADGM), Abu Dhabi, United Arab Emirates.
The certificate of incorporation was received on October 22, 2026, the date of the letter to the exchanges.
Ties to an earlier update
The letter is marked as a continuation of the company's earlier intimation, letter no. ZAGGLE/26-27/80 dated October 06, 2026. Read together, this is a follow-up confirming that the incorporation has been completed and the certificate of incorporation received.
What "wholly owned subsidiary" means
- A subsidiary is a separate company in which a parent company holds a controlling ownership stake.
- "Wholly owned" means the parent holds the entire ownership — here, Zaggle Prepaid Ocean Services Ltd holds all of Zaggle Holding Limited.
- Because it is a separate legal entity, the subsidiary can hold its own contracts, registrations and bank accounts in its jurisdiction.
- As a subsidiary, its financial statements are consolidated with the parent's, so its results form part of the group's financials.
About the location
The Abu Dhabi Global Market is a financial centre in Abu Dhabi, United Arab Emirates, with its own company registration and regulatory framework. Setting up the subsidiary there places the new entity within that jurisdiction.
How to read this
This is a corporate-structure announcement made to the exchanges. It records the incorporation of the new subsidiary and the receipt of its certificate of incorporation. Such steps are typically part of building out a group's overseas presence; the operational role of the new entity and its scale within the group's business are separate matters that unfold over time.
Also from Zaggle Prepaid Ocean Services
Receives Gold, Silver at Afaqs BankFin 360 Awards; Best Loyalty & Rewards Program and Best Event Marketing Strategy
9 Oct 2026
Board approves incorporation of a wholly owned subsidiary in Abu Dhabi Global Market
6 Oct 2026
Wholly owned subsidiary to be incorporated in Abu Dhabi Global Market (ADGM)
6 Oct 2026
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