Karachi, Fatima Fertilizer Company Limited informed Pakistan Stock Exchange that Annual General Meeting of the company is scheduled to be held on April 30, 2019 at Lahore.
The agenda of the meeting will be confirming the minutes of Extraordinary General Meeting held on November 18, 2018, to receive, consider and adopt the standalone and consolidated audited financial statements of the Company together with the Directors’ and Auditors’ Reports thereon for the year ended December 31, 2018, to consider and approve final cash dividend for the year ended December 31, 2018 at PKR 1.75 per share i.e., 17.5% as recommended by the Board of Directors and to appoint Auditors for the year ending December 31, 2019 and to fix their remuneration. The Audit Committee and the Board of Directors have recommended for appointment of M/s Deloitte Yousuf Adil Chartered Accountants as external auditors.
Further, the closed period of the company is from April 24, 2019 to April 30, 2019 (both days inclusive).
“Fatima Fertilizer Company Limited was incorporated in Pakistan on December 24, 2003. The company operates as a joint venture between two major groups in Pakistan namely Fatima Group and Arif Habib Group. The company produces fertilizers and industrial solutions to its customers. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore and production plant is located at Rahim Yar Khan.
The fertilizer production complex produces Ammonia and Nitric Acid which are intermediate products and Urea, Calcium Ammonium Nitrate, Nitro Phosphate and nitrogen Phosphorous Potassium which are final products. Foundation of the complex was laid on April 26, 2006 and the construction process commenced in 2007. The production capacity of the complex is 500,000 metric tons of Urea per annum, 420,000 metric tons of Calcium Ammonium Nitrate per annum, 360,000 metric tons of Nitro Phosphate per annum, 420,000 metric tons of NPK per annum.
The symbol “FATIMA” is being used by the stock exchange for the shares of Fatima Fertilizer Company Limited.”