Kohat Cement expands into Real Estate with Rs750m subsidiary investment

July 10, 2025 (MLN): Kohat Cement Company Limited (PSX: KOHC) is venturing into Pakistan’s real estate sector with the formation of a wholly-owned subsidiary, Ultra Properties (Private) Limited.

Approved at today’s board meeting, the new entity will spearhead the development and marketing of immovable properties for sale and rental, backed by an investment of up to Rs750 million through equity or interest-bearing loans.

To jumpstart operations, KCCL will lease one of its investment properties to Ultra Properties, which will construct multi-story commercial buildings for rental income, marking a strategic diversification beyond cement manufacturing.

The board also re-appointed Mr. Aizaz Mansoor Sheikh as Chairman and Mr. Nadeem Atta Sheikh as Chief Executive Officer for a new three-year term, reinforcing continuity at the helm of operations.

In a move aimed at improving market liquidity and shareholder access, the board recommended a 5-for-1 share split.

The face value of KOHC shares will be reduced from Rs10 to Rs2, subject to shareholder approval and necessary amendments to the company’s Memorandum of Association under Section 85(1)(c) of the Companies Act, 2017.

Extraordinary General Meeting (EOGM) To formalize the share subdivision and related memorandum changes, the company will hold an EOGM on August 7, 2025, at its registered office in Kohat.

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