Titan sets up holding company ‘Signature Jewellery’ for all Damas business in GCC

It has been registered with the Dubai International Financial Centre (DIFC) through Titan’s wholly-owned arm, Titan Holdings International FZCO

Dubai: Titan Company Limited has announced the formation of a new step-down subsidiary, Signature Jewellery Holding Limited, in the United Arab Emirates to serve as the holding company for Damas’ jewellery business across Gulf Cooperation Council (GCC) countries.

This move follows Titan’s July 2025 agreement to acquire a 67% stake in Damas’ jewellery business initially, with the remaining 33% stake to be acquired after December 31, 2029, under agreed terms. The overall acquisition is expected to be completed on or before January 31, 2026.

The subsidiary was incorporated through Titan’s wholly-owned arm, Titan Holdings International FZCO, and registered with the Dubai International Financial Centre (DIFC) on October 9, 2025, with formal intimation received by Titan on October 27, 2025.

As part of the transaction, Titan Holdings International FZCO has acquired 1,000,000 ordinary shares of $1 each, representing the entire issued capital of Signature Jewellery Holding Limited. The shares are yet to be paid up.

Titan clarified that the incorporation of Signature Jewellery is not a related party transaction and does not require regulatory or governmental approvals at this stage.

Titan, which entered the UAE market in October 2020 with its Tanishq brand (it currently has seven stores in the region), will significantly extend its footprint through the Damas acquisition, gaining access to its established retail network and brand equity across the GCC’s high-value jewellery market.

Damas Jewellery, based in Dubai since 1907, operates 146 stores across GCC countries: UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. Titan’s consolidated retail network stands at an estimated strength of 3,300+ stores across verticals in India, the UAE, Qatar, Singapore and the USA.

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