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Islamabad, Sep 11: In the Sharjah Airport International Free Zone, Habib Rice Product Limited (PSX: HRPL) has established a fully owned subsidiary, Habib Rice Products (FZE).
In a notice to the Pakistan Stock Exchange (PSX) on Wednesday, the company stated, “We are pleased to inform you that Habib Rice Products Ltd (HRPL) has incorporated a 100% wholly owned subsidiary Company Habib Rice Products (FZE) in Sharjah Airport International Free Zone (SAIF – Zone) and got license thereof.”
According to the corporation, the subsidiary would support its efforts to win export contracts.
Protein, sugar, and starch derived from rice are produced by HRPL.
