KLab changed the corporate name of its UAE subsidiary to KLab Aviation Consultancy LLC and appointed finance and investment expert Dr. Ranjith Nair as a new officer. The company plans to fully develop its businesses in drone and aviation-related technologies and security, with a focus on Middle Eastern and global markets.
KLab announced that, effective 9 November, it would change the corporate name of its UAE subsidiary to KLab Aviation Consultancy LLC. The new corporate name reflects the business activities of the local base, which will use the abbreviation KLab AVN.
It also appointed Dr. Ranjith Nair as a new director. Dr. Nair is a finance and investment specialist with more than 25 years of experience and an extensive global network.
Under the new structure, the company said it would promote drone and aviation-related technologies, security solutions and security technologies as key business areas in the Middle East and global markets. It expects to strengthen cooperation with government agencies and leading companies.
Although the impact on consolidated results for the current fiscal year is expected to be minor, the company disclosed that future progress could contribute to improved results and corporate value.