Fatima Fertilizer Company Limited (FATIMA) has notified that its Board of Directors have given recommendation for investment in its associated company Fatima Cement Limited (FCL), by acquiring 30,003,000 ordinary shares of Rs10 each of Fatima Cement Ltd from existing shareholders of FCL at par value.

The said action will lead to Fatima Cement Ltd becoming 100% owned subsidiary of Fatima Fertilizer Company Limited.

Fatima Fertilizer Company Limited has association with strong business Groups namely Fatima Group and Arif Habib Group. The Company holds the highest market share in NP and CAN. Furthermore, after the acquisition of the Pakarab Fertilizer’s plants (Ammonia, Urea, Nitric Acid, Nitro Phosphate, Calcium Ammonium Nitrate, and Clean Development Mechanism) the Company has increased its overall market standing. The Company’s topline comprising mainly of Urea, NP, and CAN has witnessed phenomenal growth driven by increased sales volumes during 9MCY21 post the acquisition.

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