PSX-listed Fatima Fertilizer Company Limited (FATIMA) has announced its decision to acquire full ownership of Fatima Petroleum Company Limited to expand into the oil and gas sector.
According to a stock filing, Fatima Fertilizer’s Board of Directors has approved the acquisition of 100 percent shares of Fatima Petroleum at face value. The transaction is part of the company’s broader diversification strategy.
Fatima Petroleum, a public unlisted company, has entered into farm-out agreements with Orient Petroleum Inc. to acquire working interests in three petroleum assets across Pakistan. These include:
The transactions are subject to regulatory clearances, government approvals, and execution of deeds of assignment.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan