ISLAMABAD: Fauji Cement Company Limited informed the Pakistan Stock Exchange that it has entered into a share purchase agreement for the acquisition of 84.06% of the total issued and paid-up share capital, along with joint control, of Attock Cement Pakistan Limited.
In its disclosure of material information dated January 30, 2026, the company said the agreement was executed on the same day between Fauji Cement Company Limited and Kot Addu Power Company Limited as purchasers, and Pharaon Investment Group Limited Holding S.A.L as the seller.
The transaction follows earlier public announcements, including an addendum to the public announcement of intention issued on November 6, 2025, and an intimation for extension in the timeline for the public announcement of offer made on November 25, 2025 through Integrated Equities Limited, manager to the offer.
Completion of the transaction will be subject to the issuance of a public offer by the purchasers in accordance with the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, the filing said.
The acquisition will also require receipt of requisite regulatory approvals, including clearance from the Competition Commission of Pakistan, and fulfilment of other closing formalities before completion.
Fauji Cement added that the required disclosure form under the applicable securities regulations has been attached and that TREC holders may be informed accordingly.
