Key Takeaways
- Sapphire Fibres Limited, a Pakistani textile manufacturer, has established a subsidiary in the UAE.
- The company plans to invest $200,000 as equity in the new entity.
- This move is part of Sapphire Fibres' strategy to expand its global footprint.
Pakistani textile firm Sapphire Fibres Limited has taken a significant step towards international expansion by setting up a wholly owned subsidiary in the United Arab Emirates (UAE). The company disclosed this development through a notice to the stock exchange, highlighting its strategic initiative to explore new business opportunities abroad.
According to the official statement, the newly established entity is named ‘Saphir Holding L.L.C-FZ’ and has already completed all necessary legal and regulatory formalities. Sapphire Fibres intends to invest $200,000 as equity in this subsidiary, marking a crucial milestone in its global expansion plans.
The move comes at a time when the company is diversifying its business portfolio beyond traditional textile manufacturing. In recent years, Sapphire Fibres has expanded into power generation with investments in gas-based power plants and also strengthened its presence in the US market through additional equity investments in its wholly-owned subsidiary, Sapphire USA, LLC.
SFL’s Chairman, Mr. Aamir Khan, stated that this new venture is part of their broader strategy to enhance global market access and increase profitability. 'The establishment of our UAE arm will not only diversify our business but also provide us with a platform to explore new markets,' he said in the notice.
Sapphire Fibres Limited was incorporated in Pakistan in 1979 as a public limited company, operating three production plants located in Sheikhupura and Lahore. The firm has been actively exploring opportunities for growth both domestically and internationally, including recent acquisitions of shares in power generation companies based in Balochistan.
In addition to the UAE expansion, Sapphire Fibres also announced plans last year to invest an additional $2.5 million as equity in its US subsidiary, following a previous investment of $5 million in March 2025. These moves underscore the company’s commitment to diversifying its business interests and tapping into new markets.
The establishment of this UAE-based entity is expected to bolster Sapphire Fibres’ global presence and provide it with a strategic foothold in one of the world's leading economic hubs, potentially opening up new avenues for growth and collaboration.
'The establishment of our UAE arm will not only diversify our business but also provide us with a platform to explore new markets.'
Mr. Aamir Khan, Chairman, Sapphire Fibres Limited
