The shareholders of Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) have approved the sale of land owned by the company located at Pindi Bhattian for Rs. 856 million to Fauji Foundation.
The sale of the land owned by the company measuring 166.387 acre, located at Pindi Bhattian, to Fauji Foundation for the total price of Rs. 856,458,000 (i.e., Rs. 5,147,385 per acre) is hereby approved, the company said in a notice to the Pakistan Stock Exchange (PSX) on Monday.
In an earlier notice, dated August 09, 2024, the company announced that its Board has resolved to recommend, for the approval of shareholders, the sale of the land owned by the company measuring 166.387 acres, located at Pindi Bhattian, to Fauji Foundation.
About the Author
Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.
Verified Professional
25+ Years Experience