Sapphire Fibres Limited has announced plans to inject an additional $2.5 million into its wholly owned US-based subsidiary, Sapphire USA LLC, according to a filing submitted to the Pakistan Stock Exchange (PSX) on Thursday.
The company stated that this investment is in continuation of the $5 million equity already committed earlier this year. The new capital infusion is part of Sapphire’s strategy to expand its footprint in the United States and enhance profitability through improved market access and closer engagement with key customers.
“In continuation of the information shared on March 27, 2025, regarding the investment in the Company’s wholly owned subsidiary, M/s Sapphire USA, LLC., Sapphire Fibres Limited now intends to make an additional equity investment of up to USD 2,500,000, in addition to the USD 5,000,000 already invested,” read the company’s notice sent to the PSX.
The disclosure was made under Sections 96 and 131 of the Securities Act, 2015, and Rule 5.6.1 of the PSX Rule Book. The company said the move underscores its long-term commitment to international growth and customer-focused expansion initiatives.
In March, Sapphire Fibres announced an investment of up to $5 million in its wholly owned subsidiary, M/s. Sapphire USA, LLC.
Sapphire Fibres, incorporated in Pakistan on June 05, 1979,is principally engaged in manufacturing and sale of yarn, fabrics and garments. The company’s equity profile indicates a market capitalization of Rs23.52 billion with a total of 20.67 million shares in circulation. The company’s free float stands at 10%, which represents approximately 2.07 million shares.
