PDS Limited has completed the full consolidation of its apparel trading operations in the United Arab Emirates after its wholly owned step-down subsidiary, PDS Multinational FZCO, acquired the remaining 25% equity stake in PDS Radius Brands FZCO.
Following the acquisition, PDS Radius Brands FZCO has become a step-down wholly owned subsidiary of PDS Limited, enabling the group to simplify its shareholding structure and centralise operational oversight.
The acquisition was carried out as a related-party transaction on an arm’s length basis for a cash consideration of US $6,812. With this purchase, PDS Limited’s ownership in the UAE-based entity—referred to within the group as PDS Radius UAE—has increased to 100%.
The company said the move would allow it to streamline decision-making and strengthen its ability to implement restructuring and efficiency initiatives within the unit. Although the entity currently contributes modestly to the group’s overall financial performance and has been operating at a loss, full ownership is expected to support efforts aimed at improving operational agility and governance.
PDS Limited operates through a network of subsidiaries involved in global apparel trading and sourcing. The group focuses on brand management, supply chain solutions and related services for international markets.
Its UAE-based step-down subsidiaries, including PDS Multinational FZCO and PDS Radius Brands FZCO, play a supporting role in the company’s international apparel trading activities and help strengthen its presence in global sourcing and distribution networks.
