Archive · 2 Oct 2025
IFB Agro Exits UAE Venture, Closes Subsidiary
IFB Agro Industries Ltd., decided to close its business in the UAE.
They had a company in Dubai that traded seafood.
The company wasn't making money, so they decided to shut it down.
This decision was part of a review of their international business.
The closure includes a company called IFB Agro Marine (FZE).
The business was incorporated in 2017.
The company said that closing the business would help improve their overall performance.
The closure is now complete.
IFB Agro Industries Ltd. liquidated its UAE subsidiary.
The subsidiary was named IFB Agro Marine (FZE).
The subsidiary was located in Dubai, UAE.
The company traded marine seafood products.
The closure was due to the subsidiary being unprofitable.
- Who
- IFB Agro Industries Ltd
- What
- Completed the voluntary liquidation of its UAE subsidiary.
- When
- Published October 2, 2025, with the closure happening beforehand.
- Where
- United Arab Emirates
- Why
- The subsidiary was uneconomical and its closure removes a drag on performance.
- Company
- IFB Agro Industries Ltd
- Subsidiary Name
- IFB Agro Marine (FZE)
- Location of Subsidiary
- Dubai, UAE
- Date of Incorporation
- April 20, 2017
- Reason for Closure
- Unprofitable
- Business
- Marine seafood trading