National Foods Divests Majority Stake in A1 Bags and Supplies Inc.

National Foods Limited has announced the divestment of a majority stake in A1 Bags and Supplies Incorporated, according to a notice sent to the Pakistan Stock Exchange (PSX) on Monday. In a disclosure of material information, the company stated that its wholly owned subsidiary, National Foods Dubai Multi Commodities Centre (NFDMCC), has executed a share purchase agreement with Chemical Chase Morgan Partners and Arfa Holdings Incorporated. The agreement, dated October 10, 2025, involves the divestment of 50.5% out of the 60% shareholding in A1 Bags and Supplies Inc., which was previously held through National Epicure Incorporated Canada. The move follows earlier disclosures made by National Foods on August 19 and September 16, 2025. The company said the transaction is part of its ongoing efforts to streamline its portfolio and focus on core business areas. National Foods Limited, established in 1970, is one of Pakistan’s leading food companies, known for its wide range of food products and exports.