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Fauji Fertilizer Company Limited (FFC) has issued 15.9 million new ordinary shares to Fauji Foundation as part of a previously approved transaction linked to the acquisition of shares in FFBL Power Company Limited, the company disclosed to the Pakistan Stock Exchange.
FFC confirmed that the shares were issued through a mechanism other than a rights offer. The issuance was carried out as consideration for the acquisition of 214.69 million shares of FFBL Power Company Limited from Fauji Foundation. This strategic transaction strengthens FFC’s position within the Fauji Group’s energy and fertilizer-linked investments.
The company stated that shareholders approved the deal during an Extraordinary General Meeting held on December 8, 2025, while regulatory clearance was granted by the Securities and Exchange Commission of Pakistan on January 5, 2026.
Following the issuance, Fauji Foundation’s shareholding in FFC increased to 637.78 million shares, representing 44.32 percent of the company’s issued and paid-up capital. As a result, FFC’s total issued shares rose from 1.423 billion to 1.439 billion.
FFC confirmed that both the issuance of shares and the acquisition of FFBL Power shares have now been fully completed, formally closing the transaction as outlined in earlier disclosures.
FFC and Fauji Foundation are key entities within the Fauji Group, and the transaction aligns with ongoing efforts to streamline group holdings and enhance strategic control over core subsidiaries, particularly in the energy and fertilizer value chain.
