KARACHI: Sapphire Fibres Limited has announced the establishment of a wholly owned subsidiary in the United Arab Emirates (UAE), marking a significant step in the company’s strategy to strengthen its international footprint and explore new business opportunities.
In a material information notice submitted to the Pakistan Stock Exchange (PSX), the company confirmed that the new entity, Saphir Holding L.L.C-FZ, has been successfully incorporated in the UAE after completing all required legal and regulatory formalities. The announcement was made on July 14, 2026.
As part of the next phase of the initiative, Sapphire Fibres plans to remit USD 200,000 as equity investment into the newly established subsidiary. The investment is intended to support the subsidiary’s operations and facilitate the company’s broader expansion strategy in international markets.
According to the company, the formation of the UAE-based subsidiary aligns with its long-term objective of exploring overseas business opportunities and expanding its global footprint. The move is expected to provide Sapphire Fibres with greater access to regional and international markets while strengthening its presence outside Pakistan.
The company emphasized that the disclosure has been made in accordance with the Securities Act, 2015, and the Pakistan Stock Exchange Rule Book to ensure timely and transparent communication with shareholders and other stakeholders.
The establishment of a wholly owned foreign subsidiary reflects Sapphire Fibres’ commitment to pursuing international growth opportunities and diversifying its business operations beyond domestic markets.
