Titan Establishes New UAE Subsidiary to Strengthen Damas Acquisition and Streamline GCC Jewellery Operations

Titan Company Ltd. has taken another significant step in expanding its footprint across the Gulf Cooperation Council (GCC) by forming a new step-down subsidiary, Signature Jewellery Holding Limited (SJHL), located in the Dubai International Financial Centre (DIFC), UAE.

The creation of SJHL represents a strategic move to consolidate Titan’s regional jewellery interests, particularly in connection with its acquisition of Damas. The newly established DIFC-based entity will act as the holding company for all of Titan’s jewellery operations across the GCC, operating under Titan Holdings International FZCO, a wholly-owned subsidiary of Titan.

Earlier, Titan Holdings International FZCO had entered into an agreement to acquire a 67% stake in Damas LLC, which oversees the Damas jewellery business across the GCC. The remaining 33% stake is planned to be acquired after December 2029, in accordance with pre-defined terms.

The entire transaction is expected to be finalized by January 31, 2026, marking a major milestone in Titan’s expansion strategy. This move reinforces Titan’s long-term commitment to the Middle East and establishes a unified structure for managing its growing jewellery business in the region.