BBFL pays Rs458.54mn debt to SAPICO

MG News | December 30, 2024 at 12:58 PM GMT+05:00

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December 30, 2024 (MLN): Big Bird Food Limited (PSX: BBFL) has successfully repaid Rs458.54 million of its outstanding debt to Saudi Pak Industrial and Agricultural Investment Company Limited (SAPICO), as reported by company's filing to PSX.

This repayment highlights the company’s strategic effort to improve its financial position by reducing its debt and leverage.

The repayment, funded through non-operational cash flow sources, demonstrates the company’s commitment to improving its financial flexibility, enhancing capacity, maintaining a strong balance sheet, and supporting sustainable growth.

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