Fauji Fertilizer Bin Qasim Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on January 28, 2020.

The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2019 which portrayed a loss of Rs. 5,920,745 with loss per share 6.34 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 24, 2020 to March 30, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/141967.pdf

Fauji Fertilizer Bin Qasim Limited is a public limited company incorporated in Pakistan. The foundation of the company is laid under the Companies Ordinance, 1984. The principal objective of the company is manufacturing, purchasing and marketing of fertilizers. The company commenced its commercial production effective January 1, 2000. The company is a subsidiary of Fauji Fertilizer Company Limited with shareholding of 50.88%. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges in Pakistan. The registered office of the company is situated at Rawalpindi.

The plant is a Granular Urea and Di-Ammonium Phosphate fertilizers manufacturing complex, built at a cost of US$ 468 Million and located in Eastern Zone of Bin Qasim, Karachi, with Head Office at Rawalpindi. The plant is ISO certified with memberships of industry association and trade bodies i.e. Rawalpindi Chamber of Commerce and International Fertilizer Association.

The symbol "FFBL" is being used by the stock exchanges for the shares of Fauji Fertilizer Bin Qasim Limited.

© Pakistan Press International, source Asianet-Pakistan