Karachi: Wafi Energy Holding Limited has successfully completed its acquisition of 24,162,179 ordinary shares of Shell Pakistan Limited. This substantial transaction was officially closed following the public offer made on July 25, 2024, and announced in a follow-up publication on July 27, 2024.

According to information available from the Pakistan Stock Exchange (PSX), Arif Habib Limited, the manager of the offer, confirmed that all regulatory obligations under the Takeover Regulations were fulfilled by Wafi Energy. This includes the distribution of payments to all shareholders who tendered their shares in response to the public offer.

The successful completion of this acquisition marks a significant milestone in Wafi Energy’s expansion within the energy sector in Pakistan. The company is now poised to integrate Shell Pakistan’s operations and resources under its expanding portfolio.