Fauji Cement Company enters into Resource Sharing Agreement with Askari Cement

MG News | May 13, 2020 at 11:29 AM GMT+05:00

0:00

May 13, 2020 (MLN): Fauji Cement Company Limited (FCCL) has formally entered into Resource Sharing Agreement with Askari Cement Limited (ACL), consequent to the approval of the Competition Commission of Pakistan.

According to FCCL’s notification issued to Pakistan Stock Exchange, the approval of the same was accorded by the shareholders during the Extraordinary General Meeting of the company held on January 10, 2020.

As part of common C-Suite, the following officers of FCCCL have assumed the appointments of ACL under the Resource Sharing Agreement signed by both companies:

Lt Gen Muhammad Ahsan (CEO/MD FCCL) – CEO/MD ACL
Brig Riaz Ahmed Gondal (Company Secretary FCCL) – Company Secretary ACL
Omer Ashraf (CFO FCCL) – CFO ACL

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,515.00	117,680.00 116,905.00	-255.00 -0.22%
BRENT CRUDE	67.45	67.49 67.40	0.01 0.01%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.24	63.31 63.19	-0.02 -0.03%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%