Ashok Leyland has established Ashok Leyland Saudi Company (AL Saudi) in the Kingdom of Saudi Arabia through its subsidiary, Ashok Leyland UAE LLC (AL UAE). The investment towards the initial share capital subscription is 5,00,000 Saudi Riyal (SR). The incorporation date is June 30, 2025. This move marks Ashok Leyland’s expansion into the Saudi Arabian market.
New Venture in Saudi Arabia
Ashok Leyland, via its wholly-owned subsidiary Ashok Leyland UAE LLC (AL UAE), has incorporated a new entity named Ashok Leyland Saudi Company (AL Saudi) in the Kingdom of Saudi Arabia. This strategic move signifies the company’s ongoing efforts to expand its global footprint.
Investment and Incorporation Details
The initial investment in Ashok Leyland Saudi Company amounts to 5,00,000 Saudi Riyal (SR), representing the initial share capital subscription. The company was officially incorporated on June 30, 2025, and operates as a Limited Liability Company (one person).
Business Focus
AL Saudi will primarily focus on setting up a vehicle assembly plant in Saudi Arabia, specializing in the manufacturing of Buses and Trucks. This initiative aims to target both the domestic Saudi Arabian market and export opportunities.
Shareholding and Control
The new company, Ashok Leyland Saudi Company, is a 100% owned subsidiary of Ashok Leyland UAE LLC.
Regulatory Approvals
Ashok Leyland has secured necessary regulatory approvals from the Ministry of Investment and the Ministry of Commerce of Saudi Arabia to facilitate the incorporation and operation of the new entity.
Source: BSE