FFBL approves investment in Fauji Foods not exceeding Rs 3.5 billion

MG News | November 25, 2020 at 03:40 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 25, 2020 (MLN): The Shareholders of Fauji Fertilizer Bin Qasim Limited (FFBL) in Extra General Meeting held today, have authorized the company to invest, provide and continue sponsor support to Fauji Foods Limited (FFL) the amount not exceeding in the range of Rs 3,500,000,000.

This investment will be made through either, or a combination of a subordinated shareholder loan or collateral support for a period not exceeding one year as security.

Moreover, shareholders also authorized the Company for provision of collateral support to FFL in respect of the PKR 6.067 billion long term finance facility for the duration of the long term loan to be availed by FFL.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,685.00	61,150.00 60,600.00	850.00 1.42%
BRENT CRUDE	72.74	73.51 72.67	-1.00 -1.36%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.50	126.50 125.90	0.50 0.40%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	69.45	70.21 69.33	-0.89 -1.27%
SUGAR #11 WORLD	14.01	14.09 13.81	0.06 0.43%