Sapphire Fibres sets up wholly owned subsidiary in UAE

MG News | July 15, 2026 at 09:22 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 15, 2026 (MLN): Sapphire Fibres Limited (PSX:SFL) has established a wholly owned subsidiary, Saphir Holding L.L.C-FZ, in the United Arab Emirates.

The Company said all requisite legal and regulatory formalities in this regard have been completed.

Subsequent to the incorporation, the Company is in the process of remitting an amount of $200,000 as equity investment in the subsidiary.

The establishment of the entity is part of the Company's strategic initiative to explore international business opportunities and expand its global footprint, it added.

The aforementioned information was disseminated through a notification to Exchange.

Copyright Mettis Link News

Related News

Sapphire Fibres secures RSOQ for GEPCO privatisation

Sapphire Fibres gets court nod for merger with RCML

Name	Price/Vol	%Chg/NChg
KSE100	171,402.08 123.44M	0.15% 248.92
ALLSHR	103,762.74 640.45M	0.28% 285.71
KSE30	50,998.57 52.62M	0.19% 96.59
KMI30	244,665.18 69.20M	0.37% 899.52
KMIALLSHR	67,290.94 377.69M	0.30% 203.90
BKTi	47,479.22 9.62M	-0.28% -135.50
OGTi	35,149.09 4.24M	0.85% 295.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,190.00	86,950.00 85,195.00	-400.00 -0.46%
BRENT CRUDE	99.61	102.30 97.43	-0.73 -0.73%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.10 4.92%
ROTTERDAM COAL MONTHLY	137.10	137.10 137.10	-0.20 -0.15%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	91.02	93.84 89.16	-1.35 -1.46%
SUGAR #11 WORLD	18.52	18.54 18.02	0.13 0.71%