FATIMA approves Rs5bn finance facility renewal for associated company

News Image

By 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 127,770.09
149.77M
1.71%
2142.78
ALLSHR 79,552.27
473.60M
1.23%
967.55
KSE30 38,936.47
50.69M
2.05%
782.69
KMI30 187,148.84
63.88M
1.22%
2262.35
KMIALLSHR 54,218.52
259.23M
0.85%
454.71
BKTi 32,828.64
30.89M
2.84%
906.96
OGTi 27,922.56
2.59M
0.53%
148.58
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,235.00 108,105.00
107,145.00
-1000.00
-0.92%
BRENT CRUDE 66.77 66.82
66.34
0.03
0.05%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.16 65.19
64.67
0.05
0.08%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 11:32 AM GMT+05:00

HBL, UBL expand service hours for customer convenience


July 01, 2025 at 11:05 AM GMT+05:00

VIS reaffirms entity ratings of United Bank Ltd


July 01, 2025 at 10:48 AM GMT+05:00

VIS upgrades entity ratings of Faysal Bank Ltd


July 01, 2025 at 10:45 AM GMT+05:00

FBR delivers historic 26% tax collection surge



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg