FATIMA approves Rs5bn finance facility renewal for associated company

MG News | April 21, 2025 at 10:43 AM GMT+05:00

0:00

April 21, 2025 (MLN): The Shareholders of Fatima Fertilizer Company Limited (PSX: FATIMA) approved the renewal of a Rs5 billion Running Finance Facility for Reliance Commodities (Pvt) Limited, an associated company.

The special resolution, passed under Section 199 of the Companies Act, 2017, along with the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017, extends the facility for a further period of one year.

Structured as a short-term Running Finance Facility, the limit may be renewed in subsequent general meetings on an annual basis.

In addition, the company's Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, and/or Company Secretary have been authorised singly to take all necessary steps, including negotiations, execution of relevant agreements, and handling of all ancillary matters related to the facility.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	164,444.72 1,390.47M	-0.75% -1241.66
ALLSHR	100,263.22 3,076.68M	-0.52% -522.58
KSE30	50,467.16 136.66M	-0.90% -456.01
KMI30	239,381.13 102.98M	-0.94% -2269.59
KMIALLSHR	66,143.45 1,531.56M	-0.67% -449.11
BKTi	46,609.98 59.41M	-0.86% -404.53
OGTi	32,245.33 12.94M	-0.42% -134.82

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,105.00	108,790.00 108,105.00	-340.00 -0.31%
BRENT CRUDE	61.02	62.75 60.84	-0.89 -1.44%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-0.75 -0.92%
ROTTERDAM COAL MONTHLY	93.00	93.00 92.50	1.95 2.14%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	57.02	57.09 56.97	-0.44 -0.77%
SUGAR #11 WORLD	15.85	15.87 15.58	0.16 1.02%