Bestway Cement commits Rs10bn to enter automobile sector

MG News | September 22, 2025 at 09:42 AM GMT+05:00

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September 22, 2025 (MLN): Bestway Cement Limited (PSX: BWCL) is set to invest up to Rs4 billion in equity and extend a shareholder loan of up to Rs6bn to establish a wholly-owned subsidiary in Pakistan's automobile sector, according to the Company's filing on PSX revealed today.

The company's Board of Directors, meeting at their registered office in Islamabad on Friday, approved the incorporation of a new private limited company dedicated to automobile business operations and investments within Pakistan.

The board has authorized a substantial financial commitment to support this new venture, pending shareholder approval. The investment package includes:

Equity Investment: Up to Rs4bn in the new subsidiary
Shareholder Loan: An additional Rs6bn in aggregate financing

The proposed investment is subject to shareholder approval under Section 199 of the Companies Act 2017.

This regulatory framework ensures proper governance and stakeholder oversight for such significant corporate investments.

The establishment of the subsidiary will allow Bestway Cement to explore opportunities across the automotive value chain, from manufacturing to dealership networks and related services.

However, the company has not yet detailed specific business activities.

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