FFBL to increase investment in Fauji Meat Limited

MG News | April 24, 2018 at 02:43 PM GMT+05:00

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Fauji Fertilizer bin Qasim Limited (FFBL) today announced that Board of Directors of FFBL today approved investment in Fauji Meat Limited of Rs. 1.5 billion s equity and Rs. 3.5 billion as subordinated loan.

The noticed informed that, “the Board of Directors of Fauji Fertilizer Bin Qasim Limited (FFBL) approved further investment in Fauji Meat Limited (FML) up to Rs. 1.5 billion as equity and subordinated loan of Rs. 3.5 billion, subject to approval of the stakeholders of FFBL”.

Furthermore, Extra Ordinary General Meeting of FFBL Shareholders has been called on 23 May, 2018.

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