iTANZ Expands Presence With New Saudi Subsidiary
iTANZ Technologies Limited has informed the Pakistan Stock Exchange that it has successfully registered a wholly owned entity named ITANZ Perpetuum in the Kingdom of Saudi Arabia.
The move forms part of the company’s broader strategy to expand its business operations into new markets, particularly across the Middle East region.
Registration Marks First Step Towards Regional Growth
The company described the registration as an initial step towards assessing and developing potential business opportunities in Saudi Arabia.
It said any further material developments will be disclosed to the Pakistan Stock Exchange in accordance with regulatory requirements.
Middle East Expansion Remains Strategic Priority
iTANZ said the decision aligns with its long-term strategy of exploring growth opportunities beyond Pakistan.
The newly established entity will enable the company to evaluate commercial prospects in Saudi Arabia more closely while strengthening its regional presence.
Wholly Owned Subsidiary Provides Full Control
ITANZ Perpetuum has been established as a wholly owned subsidiary of the Pakistan-listed company.
The ownership structure gives iTANZ Technologies direct control over the subsidiary’s future operations and business activities in the Saudi market.
Company Commits To Regulatory Transparency
The announcement was made on July 29, 2026, through a formal notice signed by Company Secretary H. M. Maqsood Munshi.
The company reaffirmed its commitment to keeping the Pakistan Stock Exchange informed of any significant developments related to its expansion plans.
About iTANZ Technologies
iTANZ Technologies is a PSX-listed IT solutions provider offering digital transformation, cloud services, data integration, AI-related solutions and managed services.
The establishment of ITANZ Perpetuum represents another milestone in the company’s international expansion following recent contracts and partnerships across the Middle East.