FFC board approves merger evaluation

News Image

MG News | July 19, 2024 at 03:13 PM GMT+05:00

0:00

July 19, 2024 (MLN): The board of directors of Fauji Fertilizer Company Limited (PSX: FFC) have granted an in-principle approval to evaluate the potential amalgamation of Fauji Fertilizer Bin Qasim Limited with and into Fauji Fertilizer Company Limited by way of a scheme of arrangement.

The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

The potential amalgamation is expected to allow for certain synergies which are likely to add value to the combined enterprise, thereby potentially enhancing future returns to shareholders, reads the notice.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 165,194.96
354.76M
-0.82%
-1358.32
ALLSHR 100,726.75
1,173.02M
-0.56%
-569.91
KSE30 50,343.71
129.04M
-1.10%
-559.56
KMI30 239,546.42
68.22M
-0.75%
-1801.44
KMIALLSHR 66,339.57
456.23M
-0.28%
-184.80
BKTi 46,695.18
80.28M
-2.27%
-1083.82
OGTi 32,985.69
13.00M
0.22%
72.49
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,685.00 110,505.00
107,055.00
1740.00
1.61%
BRENT CRUDE 65.59 65.62
63.86
3.00
4.79%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-0.90
-1.11%
ROTTERDAM COAL MONTHLY 92.75 0.00
0.00
0.95
1.03%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 61.38 61.39
59.64
2.88
4.92%
SUGAR #11 WORLD 15.30 15.37
15.18
0.20
1.32%

Chart of the Day


Latest News
October 23, 2025 at 01:34 PM GMT+05:00

Gold price in Pakistan falls Rs3,500 per tola


October 23, 2025 at 01:23 PM GMT+05:00

ABL Pays 120% dividend despite 27% profit drop



Top 5 things to watch in this week

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