Sapphire Fibres Limited has expanded its international presence by establishing a wholly owned subsidiary in the United Arab Emirates (UAE), marking another step in the company’s global growth strategy.
In a notification submitted to the Pakistan Stock Exchange (PSX), the company confirmed that it has completed all legal and regulatory requirements for the incorporation of the new entity, which has been registered as Saphir Holding L.L.C FZ in the UAE.
As part of the incorporation process, Sapphire Fibres is also arranging an initial equity investment of $200,000 into the newly formed subsidiary.
The company said the move is aimed at exploring new international business opportunities and strengthening its presence in overseas markets.
Sapphire Fibres Limited, a flagship company of the Sapphire Group, is one of Pakistan’s leading textile manufacturers. The company specializes in the production of polyester staple fibre and other synthetic fibre products, serving both domestic and international customers.
