Sapphire Fibres seeks stake in FESCO privatisation

MG News | August 07, 2026 at 02:38 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 07, 2026 (MLN): Sapphire Fibres Limited (PSX: SFL) has secured the Request for Statement of Qualification (RSOQ) issued by the Privatisation Commission for the divestment of Faisalabad Electric Supply Company (FESCO) through privatisation.

The company's Board of Directors approved participation in the transaction. The proposed participation remains subject to pre-qualification by the Privatisation Commission and the required corporate and regulatory approvals.

Sapphire Fibres said it may form a consortium once the approval is granted and will keep the Pakistan Stock Exchange updated on any material developments.

The aforementioned information was disseminated through a notification to Exchange.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,511.86 278.75M	0.98% 1646.82
ALLSHR	103,203.80 682.99M	0.89% 908.76
KSE30	50,839.23 100.13M	1.18% 592.12
KMI30	243,245.60 147.66M	1.61% 3852.07
KMIALLSHR	66,892.15 407.33M	1.15% 757.54
BKTi	47,509.55 28.38M	0.77% 361.93
OGTi	34,789.19 8.38M	1.60% 547.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,340.00	77,640.00 77,215.00	-90.00 -0.12%
BRENT CRUDE	104.32	109.97 103.50	-3.31 -3.08%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	1.70 1.33%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	-0.75 -0.53%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	99.99	104.46 98.48	-2.49 -2.43%
SUGAR #11 WORLD	18.15	18.84 17.93	-0.58 -3.10%