Islamabad January 29 2025: Fauji Fertilizer Company surprised with cash payout of PKR 21 per share in the final quarter, this is in addition to interim dividend already paid at PKR 13.86 per share.
This year Company took a major step forward in expansion through merger of Fauji Fertilizer Bin Qasim Limited (FFBL) with and into Fauji Fertilizer Company Limited (FFC), by way of a Scheme of Arrangement as sanctioned by the Lahore High Court, Rawalpindi Bench, effective July 01, 2024. FFBL Board stands dissolved and the Board of FFC continues its oversight role as the Board of the merged entity.
The merged entity recorded a profitability of Rs. 64.7 Billion. This increase is attributable to the contribution by FFBL Plant site Bin Qasim, record investment income and dividends.
The Company contributed a substantial Rs 94.11 billion towards the Government treasury through taxes and levies in 2024. The combined import substitution saved the Country precious foreign exchange worth USD 1.4 billion for the year 2024.
The Annual General Meeting of the Company will be held on 25/03/2025 at 1000 hours.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 22/03/2025. The Share Transfer Books of the Company will be closed from 23/03/2025 to 25/03/2025 (both days inclusive). Transfers received at the CDC Share Registrar Services Limited, CDC House 99-B, Block ‘B’, S.M.C.H.S Main Shahra-e-Faisal, Karachi-74400 at the close of business on 22/03/2025 will be treated in time for the purpose of above entitlement to the transferees.
