Sapphire Fibres Limited (SFL), a Pakistani textile manufacturer, has set up a new subsidiary in the United Arab Emirates (UAE) to expand its international presence and support overseas business.
The listed yarn manufacturer disclosed the development in a notice to the bourse on Wednesday.
“Sapphire Fibres Limited has established a wholly owned subsidiary under the name ‘Saphir Holding L.L.C-FZ’ in the United Arab Emirates (UAE),” read the notice…