Subsidiaries

• SAPPHIRE ELECTRIC COMPANY LIMITED
• SAPPHIRE HYDRO LIMITED
• SAPPHIRE ENERGY (PRIVATE) LIMITED
• IGNITE POWER (PRIVATE) LIMITED
• SAPPHIRE MINING EXPLORATION (PRIVATE) LIMITED
• PREMIER CEMENT LIMITED
• SAPPHIRE CEMENT COMPANY LIMITED
• SAPPHIRE BUILDING MATERIALS LIMITED
• SAPPHIRE PROPERTIES (PRIVATE) LIMITED
• SAPPHIRE POWER LIMITED
• SAPPHIRE USA LLC
• SAPHIR HOLDING FZ LLC
• RCSM COMPANY (PRIVATE) LIMITED
• SAPPHIRE ELECTRONICS (PRIVATE) LIMITED

Associates

• ACRYLIC (PRIVATE) LIMITED
• AMER TEX (PRIVATE) LIMITED
• ATMZ COMPANY (PRIVATE) LIMITED
• CHANNEL HOLDINGS (PRIVATE) LIMITED
• CRYSTAL ENTERPRISES (PRIVATE) LIMITED
• DIAMOND FABRICS LIMITED
• GALAXY AGENCIES (PRIVATE) LIMITED
• GLITTER (PRIVATE) LIMITED
• GLORY (PRIVATE) LIMITED
• LAVENDER (PRIVATE) LIMITED
• NEELUM TEXTILE MILLS (PRIVATE) LIMITED
• RESOURCE CORPORATION (PRIVATE) LIMITED
• SAPPHIRE AGENCIES (PRIVATE) LIMITED
• SAPPHIRE APPAREL (PRIVATE) LIMITED
• SAPPHIRE DAIRIES (PRIVATE) LIMITED
• SAPPHIRE FARM SERVICES (PRIVATE) LIMITED
• SAPPHIRE FINISHING MILLS LIMITED
• SAPPHIRE HOLDING LIMITED
• SAPPHIRE POWER GENERATION LIMITED
• SAPPHIRE TEXTILE MILLS LIMITED
• SAPPHIRE WIND POWER COMPANY LIMITED
• SFL CORPORATION (PRIVATE) LIMITED
• SFL LIMITED
• STM CORPORATION (PRIVATE) LIMITED
• SYNERGY HOLDINGS (PRIVATE) LIMITED
• TRICONBOSTON CONSULTING CORPORATION (PRIVATE) LIMITED
• UCH POWER (PRIVATE) LIMITED
• UCH II POWER (PRIVATE) LIMITED
• YOUSAF AGENCIES (PRIVATE) LIMITED