FFBL to subscribe 100 percent right shares of FFL

Fauji Fertilizer Bin Qasim Limited (FFBL) has undertaken to subscribe 100 percent of right shares offered by Fauji Foods Limited (FFL) and any renounced share if offered. The total investment in FFL is expected up to Rs 2,042,500,000. FFBL being the 75 percent owner of Fauji Meat Limited (FML) will provide collateral in the form of a cash deposit up to Rs 1,500,000,000 on behalf of FML to secure working capital facilities to be extended by the relevant financial institution (s) to FML for the period up to three years starting from date of first drawdown.