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Sanghvi Movers Limited has incorporated a wholly-owned subsidiary, Sanghvi Movers Middle East Limited, in the Kingdom of Saudi Arabia. This entity, established with a share capital of SAR 375,000, will engage in the crane rental business to cater to the increasing demand in the region. The incorporation has received approval from the Ministry of Commerce and the necessary investment license from the Ministry of Investment in Saudi Arabia. The move expands Sanghvi Movers' footprint internationally, potentially enhancing revenue streams and market presence. This strategic development signals a positive outlook for the company as it taps into new growth opportunities in the Middle Eastern construction sector. Investors should monitor this development closely for its implications on future financial performance.