FNEL’s subsidiary starts commercial operations

MG News | October 24, 2023 at 12:33 PM GMT+05:00

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October 24, 2023 (MLN): FNE Developments (Pvt.) Ltd, a wholly-owned subsidiary of First National Equities Limited (PSX: FNEL) has formally commenced commercial operations, the latest FNEL’s notice to the PSXS showed today.

The company's principal objective is to acquire, develop, market, and sell prime real estate.

This disclosure is subject to aim for the dissemination of information to the general public.

"The company is hopeful that the business in the real estate development sector will have a positive impact on FNEL's shareholder's value." the notice further reads.

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