Fauji Cement Company enters into Resource Sharing Agreement with Askari Cement

News Image

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:

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

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,600.00 121,165.00
117,335.00
-1690.00
-1.42%
BRENT CRUDE 69.24 70.77
69.14
-0.28
-0.40%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.05 67.54
65.93
-0.18
-0.27%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

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