Announcement • Jan 01
Fauji Fertilizer Company Limited (KASE:FFC) completed the acquisition of the remaining 50.12% stake in Fauji Fertilizer Bin Qasim Limited (KASE:FFBL) from Fauji Foundation and others. Fauji Fertilizer Company Limited (KASE:FFC) agreed in-principle to acquire remaining 50.12% stake in Fauji Fertilizer Bin Qasim Limited (KASE:FFBL) from Fauji Foundation and others on July 19, 2024. Fauji Fertilizer Company Limited (KASE:FFC) agreed to acquire remaining 50.12% stake in Fauji Fertilizer Bin Qasim Limited (KASE:FFBL) from Fauji Foundation and others for PKR 26 billion on September 20, 2024. Fauji Fertilizer Company Limited will issue and allot approximately 150.87 million ordinary shares to Fauji Fertilizer Bin Qasim Limited shareholders, based on a swap ratio of 1 Fauji Fertilizer Company Limited share for every 4.29 Fauji Fertilizer Bin Qasim Limited shares.
Upon completion, Fauji Fertilizer Company Limited will own 100% stake in Fauji Fertilizer Bin Qasim Limited. Additionally, in a separate notice to the PSX, Fauji Foods Limited (FFL) said that it would become a subsidiary of Fauji Fertilizer Company Limited after its parent company Fauji Fertilizer Bin Qasim Limited merged with and into Fauji Fertilizer Company Limited.
The approval of the merger is contingent upon securing necessary shareholder, creditor, and regulatory clearances, along with the finalization of legal formalities and the sanction of the scheme by the Lahore High Court, Rawalpindi Bench. The Board of Directors of Fauji Fertilizer Bin Qasim Limited (FFBL), at their meeting held on September 20, 2024, approved the merger of Fauji Fertilizer Bin Qasim with and into Fauji Fertilizer Company Limited.
Fauji Fertilizer Company Limited (KASE:FFC) completed the acquisition of the remaining 50.12% stake in Fauji Fertilizer Bin Qasim Limited (KASE:FFBL) from Fauji Foundation and others on December 31, 2024. The Fauji Fertilizer Company Limited (FFC) has completed the issuance of 150,870,449 ordinary shares to eligible shareholders of Fauji Fertilizer Bin Qasim Limited (FFBL) under the Scheme of Arrangement sanctioned by the Lahore High Court, Rawalpindi Bench. FFBL delisting effective from December 31, 2024, after fulfillment of all necessary requirements for the merger. The Lahore High Court’s Rawalpindi Bench approved the merger of FFBL with and into FFCL on December 5, 2024. The merger was approved under a Scheme of Arrangement dated September 26, 2024. The judgment, issued on December 4, 2024, allowed FFCL to proceed with the amalgamation, including ancillary matters related to the merger. The merger, approved by the court, aimed to consolidate operations and streamline the corporate structure of the fertilizer companies. Announcement • Nov 28
Fauji Fertilizer Bin Qasim Limited Announces Resignation of Saira Nasir as Independent Director Fauji Fertilizer Bin Qasim Limited announced the resignation of Ms. Saira Nasir from her position as an Independent Director. The company received the resignation on November 26, 2024, and it became effective on November 23, 2024. Price Target Changed • Jul 23
Price target increased by 15% to PK₨43.76 Up from PK₨38.18, the current price target is an average from 6 analysts. New target price is 6.9% above last closing price of PK₨40.94. Stock is up 190% over the past year. The company is forecast to post earnings per share of PK₨10.46 for next year compared to PK₨3.60 last year. 
