Sapphire Fibres Limited has announced its intention to participate in the privatisation process for the divestment of IESCO, following the receipt of the Request for Statement of Qualification from the Privatisation Commission.
- The Board of Directors has approved participation in the Transaction.
- The company has not yet assumed any binding obligations; participation is subject to pre-qualification and necessary approvals.
- A consortium may be formed if the company receives the required approvals.
- The company commits to keeping the Pakistan Stock Exchange informed of any material developments.