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The FCCL Board of Directors gave their approval for the integration of Askari Cement Ltd. into its operations through a scheme of arrangement. The consolidation occurred based on a share swap ratio of 5:1, implying that for every 1 share held in Askari Cement Limited, 5 shares of Fauji Cement Company Limited were issued. [10] [11] [12]
The PSX Dividend 20 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. PSX Dividend 20 Index benchmark top 20 dividend paying companies at PSX based on the last 12-month dividend yield.
Fauji Foundation: Subsidiaries: FFC Energy Limited Foundation Wind Energy – I Limited Fauji Fresh 'n' Freeze Limited Olive Technical Services Foundation Wind Energy – II Limited (79.99%) Fauji Foods (66.29%) Askari Bank (64.71%) Thar Energy Limited (30%) Pakistan Maroc Phosphore (12.5%) Fauji Cement (4.29%) Website: ffc.com.pk: Footnotes ...
Maple Leaf Cement was founded in 1956 by the West Pakistan Industrial Development Corporation in a collaboration with the Government of Canada. [7] [8] The initial production capacity was 120,000 tons per annum (tpa) of ordinary Portland cement, which increased by an additional 180,000 tpa in 1960.
Askari Bank was founded in October 1991 as Askari Commercial Bank and a year later it was listed on the Karachi Stock Exchange. [3]In November 2006, Askari Bank established a wholly-owned asset management firm named Askari Investment Management Limited.
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Fauji Foods was established in 1966 as part of Noon Group by Pakistani political family Noon family. [6] [7] It was listed on the Karachi Stock Exchange in 1970. [8]The shares of the company were held by Pakistani politician Malik Adnan Hayat Noon and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively until 2015.
ACC Limited (Formerly The Associated Cement Companies Limited) is an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group . On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited.