Staff Reporter Islamabad
Fauji Fertilizer Company (FFC) held extraordinary general meeting on Yesterday while establishing a quorum of 62.73 percent with representation through video conferencing and proxies from indi-vidual shareholders as well as from all major equity holders which included Fauji Foundation, State Life Insurance Corporation, Citi Bank, Deutsche Bank, MCB, NRL, NIT, Atlas and representatives from various other Corporate bodies and institutions.
Brig Asrat Mahmood, SI(M) (Retd), Company Sec-retary FFC, opened the house. He apprised the shareholders of the special business to seek Share-holders’ approval for acquisition of 100% share-holding of Foundation Wind Energy-I Limited (FWEL-I) and 80% shareholding of Foundation Wind Energy-II Limited (FWEL-II). The sharehold-ers unanimously approved the proposed business acquisition.
Chief Executive and Managing Director FFC, Lt Gen Tariq Khan, HI(M) (Retd) graced the occasion and responded to various queries from shareholders and assured FFC’s commitment to achieve higher standards of performance and to provide sustained earnings to the valued shareholders despite the chal-lenging circumstances.