Pakistan Company News – Material Information of Fauji Fertilizer Bin Qasim Limited

Material Information of Fauji Fertilizer Bin Qasim Limited

Karachi, Fauji Fertilizer Bin Qasim Limited informed Pakistan Stock Exchange that the Company subscribed 167,021,693 voting shares and 33,876,086 non-voting shares of Fauji Foods Limietd as approved by shareholders of the Company vide EOGM dated August 28, 2017.

Fauji Fertilizer Bin Qasim Limited is a public limited company incorporated in Pakistan. The foundation of the company is laid under the Companies Ordinance, 1984. The principal objective of the company is manufacturing, purchasing and marketing of fertilizers. The company commenced its commercial production effective January 1, 2000. The company is a subsidiary of Fauji Fertilizer Company Limited with shareholding of 50.88%. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges in Pakistan. The registered office of the company is situated at Rawalpindi.

The plant is a Granular Urea and Di-Ammonium Phosphate fertilizers manufacturing complex, built at a cost of US$ 468 Million and located in Eastern Zone of Bin Qasim, Karachi, with Head Office at Rawalpindi. The plant is ISO certified with memberships of industry association and trade bodies i.e. Rawalpindi Chamber of Commerce and International Fertilizer Association.

The symbol “FFBL” is being used by the stock exchanges for the shares of Fauji Fertilizer Bin Qasim Limited.