FDPL divests shares to boost core business
MG News | July 25, 2025 at 10:56 AM GMT+05:00
0:00
July 25, 2025 (MLN): First Dawood Properties Limited (PSX: FDPL) has successfully divested 2.25 million shares of 786 Investments Ltd., which were held in the blocked CDC account, to generate coveted cash reserves.
The amount is now available to be invested in the company’s
core business, the company's filing on PSX revealed today.
FDPL is a Public Company incorporated in Pakistan under the
repealed Companies Ordinance, 1984 (now replaced with the Companies Act, 2017).
The Company is primarily engaged in the business of real estate, properties, and/or any other businesses as mentionedin its Memorandum and Articles of Association.
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