Fatima Fertilizer’s Extraordinary General Meeting to Consider Special Resolutions on Loan Investment in Associated Companies

Lahore, Fatima Fertilizer Company Limited has announced that its Extraordinary General Meeting (EGM) is scheduled to take place on September 22, 2023, in Lahore, and will also be accessible through electronic means. The primary agenda for discussion at this EGM pertains to Special Business, particularly concerning loan investments in Associated Companies and Associated Undertakings.

The meeting will consider the following Special Resolutions proposed by Mr. Arif Habib, a shareholder with more than 5% ownership of the company, in accordance with Section 140(2) of the Companies Act, 2017:

Loan Investment in REITS under Management of Arif Habib Dolmen REIT Management Limited (an associated company):

Name of Associated Companies & Undertakings: Silk Islamic Development REIT (SIDR)

Proposed Loan Investment (PKR Million): Shariah Compliant Debt up to PKR 200 million

The resolutions seek the consent and approval under Section 199 of the Companies Act, 2017, and the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017, for the specified loan investment limit. This approval is for a period up to the next annual general meeting or a longer duration, as applicable, and is subject to the terms and conditions outlined in the annexed statement under Section 134(3) of the Companies Act, 2017.

Additionally, the resolutions authorize key personnel, including the Chief Executive Officer, any director, Chief Operating Officer/Chief Financial Officer, General Manager Finance, and Company Secretary, to take necessary actions, execute agreements, and handle ancillary matters pertaining to the investment of the company's funds in line with the specified resolutions.

This EGM signifies Fatima Fertilizer's commitment to transparency and the diligence required when considering significant financial decisions involving associated companies and undertakings.