Oilboy Energy expands trading, strengthens operations

MG News | November 04, 2025 at 11:02 AM GMT+05:00

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November 04, 2025 (MLN): Oilboy Energy Limited (PSX: OBOY) will utilize Rs250 million raised through its 100% Right Issue of 25m ordinary shares at Rs10 each to expand its trading business and strengthen operational infrastructure.

The funds will be allocated to three main areas: the expansion of existing trading operations involving coal, LPG, and allied fuel products; enhancement of storage, logistics, and supply chain infrastructure; and the strengthening of the company’s working capital base and related operating assets.

The decision shows Oilboy Energy’s strategic move to reinforce its position in the domestic energy trading sector, improve supply efficiency, and support business growth.

The proposed change in fund utilization will be presented for shareholders’ consideration and approval at the upcoming Annual General Meeting (AGM), subject to necessary regulatory clearances from the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX).

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