Karachi, Fatima Fertilizer Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 30, 2020 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2019.
Further, the company has declared the closed period from March 24, 2020 to March 30, 2020.
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.