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Bestway Cement Limited (Urdu: بیسٹ وے سیمنٹ) is a Pakistani cement manufacturer based in Islamabad. It is a subsidiary of British conglomerate Bestway Group. [2] It was founded in 1993 and is listed on the Pakistan Stock Exchange. [2] [3]
The Group set up its first Bestway Cement cement plant in 1995 in Hattar in the KP Province of Pakistan, with an initial investment of US$120.0 million. The plant's initial capacity was 0.99 million tonnes per annum, this was enhanced to 1.17 million tonnes per annum at a cost of US$10 million in 2002.
Image source: Getty Images. Stock-split euphoria has helped send the broader market to new heights. A stock split is an event that allows a publicly traded company to alter both its share price ...
In January 2011, Bestway Group increased its shareholding in UBL [10] to 51.07% by acquiring an additional 20% of the shares from the Abu Dhabi Group. [11] This was a total investment of US$230.0 million in Pakistan's second-largest private commercial bank. [12] [13]
Applied Materials has already split its stock nine times since its initial public offering (IPO) in 1972. If you had bought 100 of its IPO shares at $10 for $1,000, you would now be holding 28,800 ...
Not only can you make money if you sell when the price of the stock rises, but the company will also split profits with you and other shareholders. Ogulcan Aksoy/iStock.
In 1987, Choudrey was a founding Trustee of Bestway Foundation [18] – a charitable trust of the Bestway Group that works exclusively in the health [19] [20] and education sectors. [ 21 ] [ 22 ] In 1997 Bestway Foundation Pakistan was established and he was appointed Chairman of Bestway Foundation Pakistan.
The stock is up 54% year to date in 2024 and up 1,580% over the past 10 years (as of this writing). This encouraged the company to declare a 10-for-1 stock split , which it completed in July.