Zuma Resources sets up wholly owned UK subsidiary

Mettis Global reported that Zuma Resources Limited has established a fully owned subsidiary in the United Kingdom, named Zuma Global Ltd. The unit is intended to widen the company's technology and global connectivity activities in overseas markets and is preparing to start SIM and digital connectivity services in Britain. Sohaib Anwar has been appointed director of Zuma Global, which was formed on 18 September under English and Welsh law.

The parent owns all 100 ordinary shares in the unit, each carrying a £1 face value, which brings paid up capital to £100. Zuma said it has started formal regulatory discussions with Ofcom, the British communications regulator, over digital and physical SIMs that run on sim.market. The company has additionally begun reworking its customer setup and online platforms so they meet British rules on regulation and consumer protection.

The UK business is planned to sell eSIMs, physical SIMs and other connectivity products through the group's technology platforms. The company anticipates that Britain will be a significant market and hub for its growth overseas, and it will roll out SIM and digital offerings gradually, depending on regulatory, commercial and technical conditions. The disclosure was made through a notification filed with the exchange.