Attock Cement Pakistan Limited Conducts Postal Ballot and Approves Disposal of Subsidiary Shares

Karachi, Attock Cement Pakistan Limited, a leading cement manufacturing company, has announced the publication of a postal ballot and provision of electronic voting for the upcoming Extraordinary General Meeting. The ballot paper will enable shareholders to cast their votes by post or through a video link during the meeting scheduled for Thursday, May 25, 2023, in Karachi.

The resolutions passed at the meeting was the disposal of 18,000,000 shares held by Attock Cement Pakistan Limited in its subsidiary, Saqr-Al-Keetan for Cement Production Company Limited. The resolution received approval from the members of the company, granting authorization to sell these shares, which represent 60% of the entire share capital of Saqr-Al-Keetan.

Furthermore, the shareholders of Attock Cement Pakistan Limited approved the company’s entry into a Share Purchase Agreement. The agreement includes the sale of the 18,000,000 shares, representing the 60% stake held by Attock Cement Pakistan Limited in Saqr-Al-Keetan, to the buyers for an agreed-upon sale price.