Lahore: D. G. Khan Cement Company Limited (DGKC) has confirmed the acquisition of 2,870,000 voting shares in Rafhan Maize Products Company Limited (RMPL), marking a substantial investment in the food sector. The acquisition, effective June 30, 2026, was executed at an average price of Rs. 9,800 per share, totaling Rs. 28.13 billion. This purchase represents 31.07% of the total issued voting shares of RMPL, a significant move given DGKC's prior non-existent holding in the company.

The transaction was part of a larger acquisition strategy involving DGKC affiliates, including Nishat Hotels and Properties Limited and Nishat Mills Limited, among others. According to information available from the Pakistan Stock Exchange (PSX), this acquisition aligns with DGKC's strategic expansion efforts into new market categories, potentially diversifying its investment portfolio beyond cement production.

Founded on September 27, 1978, DGKC operates under the jurisdiction of Lahore, Pakistan, and boasts an authorized share capital of Rs. 10 billion, divided into 950 million ordinary shares and 50 million preference shares. The issued share capital stands at Rs. 4.38 billion, translating into 438.12 million ordinary shares. The company's leadership includes Chairperson Mrs. Naz Mansha and CEO Mr. Raza Mansha, with the board comprising several key figures such as Mr. Shehryar Ahmed Buksh and Mr. Khalid Niaz Khawaja.

This strategic acquisition highlights DGKC's aggressive expansion strategy, leveraging partnerships and investments to establish a foothold in various sectors, with RMPL being a notable and strategic addition to its portfolio.