Treet Corporation setting up wholly-owned subsidiary in UAE 

Engineering Post Report

Treet Corporation Limited is setting up a wholly-owned subsidiary in the United Arab Emirates (UAE)  with initial  capital of $ 100000 and provision of a  corporate guarantee  for its associate company, Loads Limited. 

The new subsidiary, Treet Trading LLC, will be based in Dubai Economic Development  Zone, Mainland, UAE .

This subsidiary will be fully incorporated following completion of the requisite legal proceedings  through the  Pakistan Stock Exchange.

Treet Corporation was also seeking  a cross-corporate  guarantee of Rs 1.5 billion  for Loads Limited. This guarantee, according to the Treet Corporation sources, will help and support the working capital facilities of Loads Limited from development financial institutions and banks.