Sapphire Fibres Limited has announced a strategic investment of up to $5 million in its wholly owned subsidiary, M/s. Sapphire USA, LLC, according to a filing by the company at the Pakistan Stock Exchange (PSX) on Thursday.
“Following the receipt of all requisite corporate and regulatory approvals, the company intends to invest up to $5,000,000 as equity in its wholly owned subsidiary, M/s. Sapphire USA, LLC,” read the notice sent to the PSX.
This strategic investment will enable Sapphire Fibres Limited to establish a stronger foothold in the US market, driving export growth and enhancing profit margins through increased market access and operational efficiency.
The decision comes as part of Sapphire Fibres’ continued efforts to build a stronger foothold in key international markets.
After the announcement of Sapphire Fibres Limited’s $5 million investment in its US subsidiary, the company’s stock price saw an upward movement. As of 12:18 PM on March 27, 2025, Sapphire Fibres’ stock rose by 1.48%, reaching Rs 1,138.00, reflecting an increase of Rs 16.61.
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.
